We note that you have a post code search directory listing solicitors on the RBS conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Bagshot?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bagshot.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Norwich and Peterborough Building Society conveyancing panel for example in Bagshot?
We would not expect to be advised of any plans on the part of the BSA to develop such a register.
This question may be naive but I am unseasoned as FTB of a ground floor flat in Bagshot. Do I collect the keys to the premises on completion from my solicitor? If so, I will appoint a local conveyancing solicitor in Bagshot?
On the day of completion you do not need to go to the conveyancers office in Bagshot. Your solicitors will transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be called to receive the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
We had instructed conveyancers with offices in Bagshot on the Aldermore solicitor approved list. They have just billed me a further charge for the legal aspects of the Aldermore mortgage. Is this an additional conveyancing fee set by Aldermore?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your property lawyer can charge a fee for this. This fee is not dictated by Aldermore but by your Bagshot property lawyer. Numerous firms on the Aldermore panel will levy ’dealing with mortgage’ fee and others do not.
It is unclear whether my mortgage offer requires a lease extension. I have called into my local Bagshot building society branch on numerous occasions and was advised it wasn't a problem and they would lend. My Bagshot conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they will not lend in accordance with their published requirements. I have no idea who is right.
The conveyancer must follow the CML Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
What can a local search inform me concerning the house my wife and I purchasing in Bagshot?
Bagshot conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search is essential in every Bagshot conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I today plan to offer on a house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Bagshot. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Bagshot are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Bagshot in which case you should be shopping around for a Bagshot conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is located on an estate. Your conveyancer should advise you fully on all the issues.
I inherited a 1 bedroom flat in Bagshot, conveyancing having been completed in 2005. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Bagshot with a long lease are worth £222,000. The ground rent is £50 yearly. The lease expires on 21st October 2095
With just 71 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.