I have given 2 months notice to my existing landlord and have to be out of my let out apartment in Lichfield by the end of next month. Conveyancing for my house purchase is progressing. Can I complete in three weeks as don't want to have to move into short term accommodation?
The normal practice is not to serve notice on a rental unless your lawyer suggests that you should. If you have not already done so, contact to your conveyancer and urge them to they chase the other solicitors, try to get a realistic time scale from them that everyone will aim to achieve
Is there a reason why leasehold purchase conveyancing in Lichfield is more expensive?
Lichfield leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am buying a flat and require a conveyancing solicitor in Lichfield who is on the Barnsley Building Society approved. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barnsley Building Society in certain locations such as Lichfield. We dont recommend any particular firm.
The deeds to my house can not be found. The conveyancers who conducted the conveyancing in Lichfield 10 years ago are no longer around. What are my options?
Gone are the days when you need to hold title deeds to prove you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.
Taking into account that I am about to spend over three hundred thousand on a two bedroom apartment in Lichfield I wish to have a conversation with the conveyancer concerning thehouse move prior to instructing the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the lawyer due to be carrying out your property ownership legalities in Lichfield.There is no ‘factory style conveyancing’ - each client is an important individual, not a file reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Lichfield should be the amount on the final invoice that you are charged.
Do you have any top tips for leasehold conveyancing in Lichfield from the perspective of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Lichfield can be avoided where you instruct lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the purchasers’ solicitors. If there is a history of conflict with your landlord or managing agents it is very important that these are settled prior to the flat being put on the market. The buyers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is clearly preferable to reveal the dispute as historic rather than unsettled. If you have carried out any alterations to the premises would they have required Landlord’s permission? Have you, for example installed wooden flooring? Most leases in Lichfield state that internal structural changes or laying down wooden flooring require a licence issued by the Landlord approving such alterations. Where you dont have the approvals in place you should not communicate with the landlord without checking with your lawyer in advance. Some Lichfield leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. Many freeholders or Management Companies in Lichfield charge for supplying management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Lichfield.
I am the registered owner of a garden flat in Lichfield, conveyancing having been completed in 2001. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Lichfield with an extended lease are worth £170,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2103
With 78 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.