Having been recommended your company we were going to go ahead with a conveyancing solicitor in Edgbaston found using your comparison tool but stumbled across alternative costs illustrations on the internet look less pricey – how come?
You can find numerous firms promoting self styled cut-price conveyancing, yet more often than not additionalcharges result in the closing fee being inflated. Conveyancers are obliged to make sure that fees outlined in terms of engagement should be fair and reasonable and be applied The solicitors that we list for conveyancing in Edgbaston genuinely set out all legal fees for the property you plan tobuy.
We are purchasing a house and need a conveyancing solicitor in Edgbaston who is on the Virgin Money conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Edgbaston.
Will our lawyer be raising enquiries concerning flooding as part of the conveyancing in Edgbaston.
The risk of flooding is if increasing concern for lawyers dealing with homes in Edgbaston. Plenty of people will acquire a house in Edgbaston, fully aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, but there are a number of checks that can be initiated by the buyer or on a buyer’s behalf which can figure out the risks in Edgbaston. The conventional set of information supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a usual question of the seller to discover whether the premises has ever been flooded. If the premises has been flooded in past and is not revealed by the vendor, then a purchaser may bring a compensation claim as a result of such an misleading answer. A purchaser’s lawyers may also order an enviro search. This should disclose whether there is any known flood risk. If so, more detailed inquiries will need to be carried out.
My wife and I have a renovated Edwardian property in Edgbaston. Conveyancing lawyer represented me and Coventry Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be 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 Edgbaston 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 mortgage companies. You can also check the position with the conveyancing lawyer who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Edgbaston is the location of the property. What do you suggest?
Flying freeholds in Edgbaston are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Edgbaston you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edgbaston may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I've found a house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have just been informed that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Edgbaston. Conveyancing advisers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Edgbaston ?
Most houses in Edgbaston are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Edgbaston so you should seriously consider shopping around for a Edgbaston conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’sconsent to conduct alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor will advise you fully on all the issues.
I purchased a 2 bed flat in Edgbaston, conveyancing was carried out in 1999. Can you work out an approximate cost of a lease extension? Corresponding flats in Edgbaston with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease expires on 21st October 2095
With just 70 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.