I am purchasing a new build flat in Castle Bromwich. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Castle Bromwich you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Castle Bromwich.
Is it necessary to take out insurance to cover chancel repairs when purchasing a house in Castle Bromwich?
Unless a previous purchase of the premises completed post 12 October 2013 you could assume that solicitors conducting conveyancing in Castle Bromwich to remain encouraging a chancel search and or insurance against a claim.
Me and my brother own a renovated Georgian house in Castle Bromwich. Conveyancing lawyer acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Castle Bromwich 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 enquire as to the situation with your conveyancing solicitor who conducted the purchase.
I have been pointed in your direction by a few selling agents in Castle Bromwich to choose a property lawyer using your seach tool. What’s the financial upside for Estate Agents to offer your site rather than another?
We refuse to make any commission for pointing buyers and sellers to this site. We found it would be just too difficult a fee as home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Having checked my lease I have discovered that there are only 68 years left on my flat in Castle Bromwich. I now wish to get lease extension but my freeholder is missing. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply 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 magistrate. However, you will be required to prove that you have made all reasonable attempts to locate the freeholder. On the whole an enquiry agent should be useful to carry out a search and prepare an expert document which can be used as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s absence and the vesting order request to the County Court overseeing Castle Bromwich.
I invested in buying a 2 bed flat in Castle Bromwich, conveyancing having been completed March 2001. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Castle Bromwich with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease terminates on 21st October 2081
You have 56 years left to run the likely cost is going to be between £29,500 and £34,000 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you 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 additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
There are numerous houses in Castle Bromwich on unadopted roads. My wife and I are buying such a house. Are there any benefits to purchasing a property on a private road?
Castle Bromwich conveyancing practices are used to dealing houseson private. Your conveyancer should review the title to identify any rights or responsibilities. It is possible that there is a management company (wholly owned by residents) that residents pay into to maintain the road. If there is one, the road will likely be maintained and appear better than publicly adopted.