In the event thatI was to acquire a simple residential housein Catshill for cash and dispense with a survey and no local authority searches how much could I expect to have to pay for conveyancing in Catshill?
The only saving you would make on is the costs for searches. A conveyancer is required to do the vast majority of work - money laundering, liaising with the vendors lawyer, SDLT submission, register the title etc. You might save a bit for them not needing to register a charge but it will not be meaningful.
When does exchange of contracts take place for domestic conveyancing in Catshill and am I required to attend the solicitors branch?
If you are in close proximity to one of the conveyancing solicitors in Catshill you are invited in to sign documents. That being said, the firms we work with supply a countrywide conveyancing service and give just as detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not the point of no return. A signed contract is just a prerequisite for the conveyancer to officially exchange at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Catshill)to be in the office at the appropriate time.
I require expedited conveyancing in Catshill as I am faced with pressure to exchange contracts within 4 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are not getting a home loan you have the choice not to have searches conducted although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Catshill the following are examples of what can crop up and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
How does conveyancing in Catshill differ for new build properties?
Most buyers of new build property in Catshill come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Catshill tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Catshill or who has acted in the same development.
Back In 2005, I bought a leasehold house in Catshill. Conveyancing and Santander mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Catshill who previously acted has now retired. Do I pay?
First contact HMLR to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Catshill conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a studio flat in Catshill, conveyancing having been completed May 2002. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Catshill with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 yearly. The lease ends on 21st October 2084
With just 60 years remaining on your lease we estimate the premium for your lease extension to range between £20,000 and £23,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
I have been informed by many estate agents that it may take up to two months for Catshill conveyancing to complete.This was a month ago. The property information was only forwarded from the vendors conveyancing practitioner a couple of days ago so does the time start running now?
There is no official timeframe for conveyancing in Catshill, or any location. You just have to ensure that your finances are in order and in due course the rest will come to you eventually.