Unfortunately I am unable to travel far from Chelmsley Wood. I would like to know the understand why all Chelmsley Wood conveyancing practitioners aren't included on all bank panels?
As inequitable as it may seem for lenders to limit who can represent them, from the public’s or solicitor’s point of view, the flip side is that lenders are becoming ever more anxious and feel it vital to defend themselves from illegal activities. As a result of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a manageable size.
My fiance and I swapping mortgage lender for our penthouse in Chelmsley Wood with Co-operative. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this document specific to the Co-operative conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Co-operative conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Co-operative. This is solely used to protect Co-operative if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Co-operative had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
It has been 3 months since my purchase conveyancing in Chelmsley Wood completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey completed on a house in Chelmsley Wood prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to give a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chelmsley Wood. Conveyancing will be smoother if you use a solicitor in Chelmsley Wood especially if they are acquainted with such properties in Chelmsley Wood.
I am on look out for some leasehold conveyancing in Chelmsley Wood. Before I get started I would like to find out the remaining lease term.
Assuming the lease is recorded at the land registry - and almost all are in Chelmsley Wood - 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.
I am the registered owner of a studio flat in Chelmsley Wood, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Similar properties in Chelmsley Wood with a long lease are worth £179,000. The ground rent is £65 levied per year. The lease runs out on 21st October 2082
With just 57 years left to run the likely cost is going to range between £26,600 and £30,800 as well as plus your own and the landlord's "reasonable" professional fees.
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. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
Your search tool is useful but there are many lawyers listed near Chelmsley Wood being on the bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the lender approved panel?
We do not recommend specific Chelmsley Wood firms as the right Chelmsley Wood conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Chelmsley Wood knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..