The conveyancer who dealt with my previous purchase has sent a quote for £1150 for leasehold conveyancing in Ladywood. I am looking to sell a purpose built house for £125,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Ladywood?
The costs illustration is slightly on the steep side. If you shop around you could shave off some of the cost by say £100 plus VAT. On the other hand, you mightlive to regret opting for an an untested lawyer. Remember to ensure that the solicitor can represent your mortgage company. You can employ our comparison tool to locate a Ladywood conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Ladywood.
I note that there are debates on Chancel Insurance on online forums. Do I need this when acquiring a residence in Ladywood? or Apparently there is a law dating back centuries that could mean that homeowners residing in a parish church boundary will be compelled to pay for maintenance towards the chancel in proximity to the church. Is this relevant for conveyancing in Ladywood?
Unless a prior acquisition of the premises completed after 12 October 2013 you can assume that lawyers handling conveyancing in Ladywood to remain recommending a chancel search and or insurance against a claim.
The estate agent has sent us the confirmation of our purchase of a new build flat in Ladywood. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Ladywood
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
My husband and I are new to the buying process - agreed a price, but the estate agent informed us that the vendor will only issue a contract if we use their recommended conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Ladywood
We suspect that the seller is not behind this ultimatum. Should the seller require ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Contact the vendors directly and make the point that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Ladywood conveyancing solicitors - not the ones that will give their negotiator at the agency a commission or hit his conveyancing targets pre-set by head office.
I only have 68 years unexpired on my flat in Ladywood. I need to extend my lease but my landlord is missing. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to prove that you have done all that could be expected to track down the lessor. On the whole an enquiry agent should be useful to carry out a search and to produce a report to be used as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to devolving into the landlord’s absence and the vesting order request to the County Court overseeing Ladywood.
I own a split level flat in Ladywood, conveyancing formalities finalised 4 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Ladywood with over 90 years remaining are worth £201,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 2090
You have 65 years remaining on your lease we estimate the premium for your lease extension to span between £13,300 and £15,400 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
I’m about to sell my basement flat in Ladywood.Conveyancing solicitors are to be appointed soon but I have recently had a yearly service charge demand – what should I do?
The sensible thing to do is clear the service charge as you normally would because all ground rent and maintenance payments will be allottedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process