Why do I have to pay up front when it comes to conveyancing in Brislington?

Where you are retaining lawyers for conveyancing in Brislington your solicitor will ask you to provide them with funds to cover the search fees. Ordinarily this is called for to cover the fees of the Local Authority Search. If any deposit is as part of the sale price then this will be needed shortly in advance of contracts are exchanged. The closing balance that is needed will be payable shortly before completion.

I am buying a house and require a conveyancing solicitor in Brislington who is on the Coventry Building Society solicitor. Could you point me in the right direction as regards a conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Coventry Building Society in certain locations such as Brislington. We dont recommend any particular firm.

As co-executor for the estate of my aunt I am selling a residence in Neath but reside in Brislington. My conveyancer (who is 250 miles from mehas requested that I execute a stat dec prior to completion. Could you suggest a conveyancing solicitor in Brislington to attest and place their company stamp on the document?

Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Brislington

I am looking at a couple of apartments in Brislington which have approximately forty five years left on the lease term. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Brislington is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. The majority of purchasers and banks, leases with under eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Brislington conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I own a 1 bedroom flat in Brislington, conveyancing formalities finalised April 1998. How much will my lease extension cost? Corresponding flats in Brislington with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease runs out on 21st October 2096

With 72 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.

I am buying a garden apartment in Brislington. Conveyancing solicitor has been awaiting, from the owner, building insurance schedule. Earlier today I was informed that the vendor needs to send the insurance schedule for the flat above in addition. Why would my solicitor want to see the insurance for the flat above? Is it strictly required? We have been stalled for the previous three weeks…

It is not unheard of in leasehold conveyancing in Brislington to discover Conveyancing in Brislington in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the freeholder insuring the entire building - which is definitely better. You should check with your conveyancer but it would appear that your lawyer is seeking to establish that the whole building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed due to lack of insurance cover.