Are you able to recommend a allowed Thornbury conveyancing firm that can complete within 28 days? Would it be better to use a high street Thornbury solicitor or a nationwide firm?

We would be happy to suggest some excellent Thornbury conveyancing firms. Another option is to visit the high street in Thornbury. Go in to a couple of firms and ask to speak with a conveyancing solicitor for a costs illustration. Discuss your deadline together with your reasons and ask for a commitment on speed. Appoint the one that appears most efficient.

Will my solicitor be raising enquiries concerning flooding as part of the conveyancing in Thornbury.

The risk of flooding is if increasing concern for lawyers dealing with homes in Thornbury. Some people will purchase a property in Thornbury, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.

Solicitors are not best placed to offer advice on flood risk, however there are a numerous searches that may be initiated by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Thornbury. The standard completed inquiry forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the owner to discover whether the property has ever been flooded. In the event that the property has been flooded in past and is not notified by the vendor, then a purchaser could bring a compensation claim as a result of such an incorrect answer. The buyer’s lawyers should also commission an enviro report. This will higlight whether there is any known flood risk. If so, additional inquiries should be made.

I purchased a semi-detached Victorian property in Thornbury. Conveyancing practitioner represented me and . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?

You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Thornbury and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing practitioner who completed the work.

How does conveyancing in Thornbury differ for new build properties?

Most buyers of new build property in Thornbury approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because house builders in Thornbury typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Thornbury or who has acted in the same development.

I acquired a 1st floor flat in Thornbury, conveyancing formalities finalised 1995. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Thornbury with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 50

You have 50 years left to run we estimate the price of your lease extension to span between £36,100 and £41,800 as well as professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.