Am I correct in assuming that the fact that my conveyancer in Catshill is not on my lender's conveyancing panel that there is a problem with the quality of his conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Catshill conveyancing practice and enquire why they are no longer on the approved list for your bank.
We were just about to exchange contracts for a ground floor flat in Catshill. We encountered a snag. Our mortgage offer with Chelsea Building Society runs out on 12/6/2025 but the sellers are insisting on a completion date of 16/6/2025. Is it possible to extend the mortgage expiry date?
The best person to address this concern is your lawyer who should assess if he or she is corresponding with the lender, vendor’s conveyancers, selling agents or indeed all parties given what has gone on in your transaction as of today.
We're in Catshill, First timers purchasing with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
Just had an offer accepted on a new build apartment in Catshill. 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 are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Catshill
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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 supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I decided to have a survey completed on a property in Catshill prior to appointing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders may refuse to issue a mortgage on such a home.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Catshill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Catshill to see if the conveyancing costs will increase in light of this.
I am a negotiator for a busy estate agent office in Catshill where we see a few flat sales derailed as a result of short leases. I have received contradictory information from local Catshill conveyancing solicitors. Can you confirm whether the owner of a flat can start the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Catshill Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
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This information is helpful as a) areas may cause problems for the block as the communal areas may start to deteriorate if maintenance remain unpaid b) if the leaseholders have a dispute with the running of the building you will want to have full disclosure Please tell me if there are any major works in the planning that will likely add a premium to the maintenance fees?