Can the conveyancing solicitors listed on your site execute conveyancing in Horfield by way of an attended exchange?

There are a few conveyancing specialists carrying out one day exchanges. Do e-mail us to secure a costs illustration and details as to availability.

What does my ID and proof of funds have anything to do with my conveyancing in Horfield? What am I being asked for?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you are required to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to supply identification documents, your lawyer can not take you on as a client.

I used Wolstenholmes a few years ago for my conveyancing in Horfield. Now, I need the documents however the law firm has closed. What do I do?

You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Horfield of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

What makes a Horfield lease unacceptable for security purposes?

Leasehold conveyancing in Horfield is not unique. All leases are unique and drafting errors can sometimes mean that certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:

Repairing obligations to or maintain elements of the building Service charge per centages that don't add up correctly leaving a shortfall

A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Coventry Building Society, and Aldermore all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to withdraw.

Leasehold Conveyancing in Horfield - Examples of Questions you should consider Prior to buying

Does the lease include onerous restrictions? It would be prudent to discover if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being permitted in in a block in Horfield. If you love the flatin Horfield but your dog is not allowed to live with you then you will be presented with a difficult compromise.

We own a leasehold flat in Horfield. Conveyancing was finalised in five years ago. I have been told that I mustn’t allow the lease length get too short. What is the reasoning?

Horfield domestic long term leases are for a prescribed period - usually just under one hundred years when they are first granted. However many appartments in Horfield were built or converted in the 60’s and so such leases now have less than eighty years unexpired. This may sound like plenty of time however Banks, Building Societies and other mortgage companies tend to require leases to have at least seventy five years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing eighty years. To increase your property value you should be considering whether to extend your lease well in advance of selling the property. Please note that there are significant benefits to doing so before the lease hits eighty years as when the lease is less than eighty years the premium to be paid to extend starts to escalate.