Am I correct in assuming that the fact that my solicitor in Mossley Hill is not identified on my mortgage company's solicitor panel that there is a problem with the quality of her conveyancing?
That would more than likely be an incorrect assumption to make. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Mossley Hill conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
How does conveyancing in Mossley Hill differ for newly converted properties?
Most buyers of new build residence in Mossley Hill come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Mossley Hill typically purchase the land, 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 property lawyers 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 Mossley Hill or who has acted in the same development.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Mossley Hill I like with open areas and railway links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Mossley Hill suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage that many years may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
What does commercial conveyancing in Mossley Hill cover?
Mossley Hill conveyancing for business premises covers a wide array of guidance, offered by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My husband and I are first time buyers - had an offer accepted, yet the estate agent has warned us that the seller will only go ahead if we use their recommended lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Mossley Hill
It is unlikely the sellers are driving this. Should the vendor require ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are genuine buyers (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you are going to instruct your preferred Mossley Hill conveyancing firm - as opposed tothose that will give their negotiator at the agency a kickback or hit his conveyancing targets demanded by corporate headquarters.
Due to sign contracts shortly on a studio apartment in Mossley Hill. Conveyancing lawyers have said that they are sending me a report tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Mossley Hill should include some of the following:
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You need to be advised what counts as a Nuisance as far as the lease is concerned Whether your lease provides for a sinking fund? You should have a good understanding of the building insurance requirements What the implications are if you breach a clause of your lease? Who has the liability to repair and maintain the block. It is essential that you know which party is liable for the repair and maintenance of every part of the building
Mossley Hill Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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Does the lease have in excess of 90 years left? How many of the leaseholders are in arrears for their maintenance charge payments?