Recently contacted my conveyancing solicitor in Alvechurch who conducted the legals two years ago and wanted a conveyancing quote based on the same type of home move (a leasehold premises and a freehold premises) of similar values with a loan from Lloyds TSB Bank. It looks as though am now being quoted double. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The quote is slightly on the expensive side. If you shop around you may be able to get the conveyancing a bit cheaper by say £125. On the other hand, if you were content with the assistance the firm provided you couldcome to rue choosing an an untested lawyer. Remember to check the firm can also act for Lloyds TSB Bank. You can utilise our search tool to select a Alvechurch conveyancing firm on the Lloyds TSB Bank conveyancing panel, which can often include conveyancing solicitors in Alvechurch.
We are close to exchanging contracts on the sale of our property in Alvechurch and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A high street Alvechurch lawyer would know this is not the case. For the life of me I don't know why the purchasers used an online conveyancing firm as opposed to a conveyancing solicitor in Alvechurch. We have lived in Alvechurch for 4 years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Just had an offer accepted on a new build flat in Alvechurch. Conveyancing is daunting 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 legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Alvechurch
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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. There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Alvechurch I like with open areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Alvechurch for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I wish to sublet my leasehold apartment in Alvechurch. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Your lease dictates relations between the landlord and you the leaseholder; specifically, it will set out if subletting is prohibited, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Alvechurch do not prevent subletting altogether – such a clause would adversely affect the market value the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the tenancy agreement.
I bought a 1 bedroom flat in Alvechurch, conveyancing was carried out in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Alvechurch with an extended lease are worth £201,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2090
With just 65 years unexpired we estimate the price of your lease extension to span between £13,300 and £15,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
We have been informed by many friends that it should take six to eight weeks for Alvechurch conveyancing to complete.This was 3 ago. The property information was only received to my solicitor a few days ago so now does it countdown?
There is no definitive time frame for conveyancing in Alvechurch. Conveyancing is subject to many variable. Alvechurch conveyancing searches in and of themselves may take some weeks before they are received.