Recently been in touch with my conveyancing solicitor in Hotwells who conducted the legals 18 months ago asking for a conveyancing quote based on an identical type of home move (a leasehold premises and a freehold property) of similar values with a home loan from TSB. I am now being charged double. Stick with what I know or should I try and find an alternative conveyancer?
The estimate fees are a little high. If you you were to look around you could decrease the fees marginally by say a hundred pounds. That being said, if you were pleased with the legal work the firm provided you couldlive to rue choosing an an unknown solicitor. If is important to enquire that the conveyancer can act for TSB. Do employ our search tool to select a Hotwells conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Hotwells.
We were just about to exchange contracts for a property in Hotwells. We encountered a problem. Our mortgage offer with TSB runs out on 8/12/2026 but the owners are suggesting a completion date of 10/12/2026. Can one extend the mortgage expiry date?
The person best placed to address this question is your lawyer who should calculate if they better off negotiating with the mortgage broker, seller’s solicitors, selling agents or possibly all parties based on the history of your conveyancing to date.
It has been four months since my purchase conveyancing in Hotwells completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £195,000 and found one close by in Hotwells I like with open areas and transport links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Hotwells in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Hoping to buy a property located in Hotwells and I am already nervous. I couldn't find anything specific about Hotwells. Conveyancing will be needed in due course but do you know about the Hotwells area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hotwells. In the meantime here are some basic statistics that we found
My wife and I may need to rent out our Hotwells basement flat for a while due to a career opportunity. We used a Hotwells conveyancing practice in 2001 but they have since shut and we did not have the foresight to get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Notwithstanding that your last Hotwells conveyancing lawyer is no longer available you can review your lease to see if you are permitted to let out the premises. The rule is that if the lease is silent, subletting is permitted. There may be a precondition that you need to obtain consent from your landlord or some other party before subletting. The net result is you not allowed to sublet without prior permission. The consent is not allowed to be unreasonably turned down. If your lease prohibits you from subletting the property you should ask your landlord for their consent.
I am the registered owner of a basement flat in Hotwells, conveyancing formalities finalised March 1999. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Hotwells with over 90 years remaining are worth £171,000. The ground rent is £50 invoiced every year. The lease finishes on 21st October 2105
With 79 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.