My home in Barnt Green is up for sale and I have a purchaser. Does my conveyancer need to be required to be on the Principality conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
I own a semi-detached Edwardian property in Barnt Green. Conveyancing practitioner represented me and Leeds Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barnt Green and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing solicitor who carried out the work.
Just had an offer accepted on a new build apartment in Barnt Green. 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.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Barnt Green
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There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the advice of my in-laws I had a survey completed on a property in Barnt Green prior to instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Barnt Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Barnt Green to see if the conveyancing will be more expensive.
My step-father has suggested that I appoint his conveyancing solicitors in Barnt Green. Should I use them?
No doubt it’s preferable to choose a conveyancing lawyer is to seek guidance from friends or family who have used the solicitor that you are contemplating using.
I am on look out for some leasehold conveyancing in Barnt Green. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is registered - and most are in Barnt Green - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Barnt Green - Sample of Questions you should ask Prior to buying
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Is anyone aware of any major works in the near future that will increase the maintenance costs? For most Barnt Green leaseholds the outlay for major works are not built into the service charges, although a few managing agents in Barnt Green require tenants to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. Best to be warned whether fixing the lift or some other major work is due shortly that will be shared between the leasehold owners and may well materially impact the level of the maintenance fees or require a specific payment.