We're in Barnt Green, FTBs purchasing with a mortgage (lender is UBS , and our solicitor is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My solicitor has informed me that missing deeds insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Barnt Green?
The right level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Barclays and Skipton Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
We previously selected solicitors located in Barnt Green on the Barclays solicitor approved list. They are now charging me a supplemental amount for the legal aspects of the Barclays mortgage. Is this an additional conveyancing fee specified by Barclays?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your solicitor is entitled to charge a fee for this. This charge is not set by Barclays but by your Barnt Green lawyer. Numerous firms on the Barclays panel will levy ’dealing with mortgage’ fee and others do not.
I recently had an offer accepted on a house in Barnt Green. My financial adviser suggested a conveyancer. I paid an upfront payment of £225. A couple of days later, the lawyer called me to say that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Me and my brother purchased a renovated Victorian property in Barnt Green. Conveyancing practitioner acted for me and TSB. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor 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 buyers. You can also question the situation with the conveyancing solicitor who conducted the work.
Are there any apps to assist me to identify a Barnt Green solicitor on the Britannia conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the tool on this page. Please choose the bank and your location and you will see a number of Barnt Green conveyancing lawyers located nearest you. We have listed some Barnt Green conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Britannia approved list
I am in need of some leasehold conveyancing in Barnt Green. Before I set the wheels in motion I want to be sure as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Barnt Green - then the leasehold title will always include the short particulars 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.
I am the registered owner of a basement flat in Barnt Green, conveyancing formalities finalised in 2009. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Barnt Green with an extended lease are worth £260,000. The ground rent is £50 yearly. The lease runs out on 21st October 2100
With just 75 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
I've found a house that appears to meet my requirements, at a great figure which is making it more attractive. I have subsequently found out that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Barnt Green. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Barnt Green ?
The majority of houses in Barnt Green are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in Barnt Green so you should seriously consider shopping around for a Barnt Green conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the house is located on an estate. Your lawyer will advise you fully on all the issues.