Is the fact that my conveyancer in Redditch is not on my mortgage company's conveyancing panel that there is a problem with the standard of his work?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack 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. Should you be concerned you should contact the Redditch conveyancing practice and enquire why they are no longer on the approved list for your lender.
Can the conveyancing lawyers that are recommend execute auction conveyancing in Redditch?
We know of a few niche practitioners we can put you in touch with those conducting auction conveyancing. Redditch is one of our locations where our lawyers are based.
I am the registered owner of a freehold residence in Redditch yet invoiced for rent, why is this and what is this?
It is rare for properties in Redditch and has limited impact for conveyancing in Redditch but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Have purchased a a terraced house in Redditch , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Redditch conveyancing solicitor has been painfully slow, so I want to be sure the registration formalities are dealt with.
As far as conveyancing in Redditch is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any third parties. At present in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Registration takes place once the new owner is living at the premises therefore an expedited registration is not usually an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
I am selling my property. My past solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Redditch if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Redditch. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
What makes a Redditch lease problematic?
Leasehold conveyancing in Redditch is not unique. All leases are unique and drafting errors can sometimes mean that certain provisions are erroneous. The following missing provisions could result in a defective lease:
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Service charge per centages that don't add up correctly leaving a shortfall Clauses dealing with recovering service charges for expenditure on the building or common parts.
A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Skipton Building Society, and Bank of Ireland all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to pull out.
I own a leasehold flat in Redditch, conveyancing was carried out May 1998. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Redditch with a long lease are worth £260,000. The ground rent is £50 charged once a year. The lease expires on 21st October 2100
With only 75 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.