Finally, a loan agreement from NatWest for the refinancing of my 3 bedroom apartment is coming within the next few days. Can you propose a low cost conveyancing law firm in Rowley Regis?
You have come to the wrong place to search for a cheap conveyancing solicitors in Rowley Regis. Our goal is to offer cost effective conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing organisations teasing you with £99 conveyancing in Rowley Regis. At best, in choosing a lawyer for cheap conveyancing, you will earn what you pay for and at worst you will end up spending a lot in extras and still not receive the service expected.
My wife and I intend to remortgage our penthouse in Rowley Regis with Coventry BS. We have a son 19 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this document specific to the Coventry BS conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Coventry BS 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 Coventry BS. This is solely used to protect Coventry BS 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 Coventry BS 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.
We note that you have a post code search directory listing law firms on the RBS conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Rowley Regis?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rowley Regis.
I moved into my flat on 2 July and my personal details is not yet registered. Any reason for this? My conveyancing solicitor in Rowley Regis expressed confidence that it would be registered inside ten days. Are transfers in Rowley Regis particularly slow to register?
There is nothing unique when it comes to conveyancing in Rowley Regis registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether there are errors and if the Land registry communicate with any third persons or bodies. Currently in the region of 80% of such applications are fully dealt with within 12 days but some can be subject to longer hold-ups. Registration occurs after the purchaser has moved in to the premises thus 'speed' is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your conveyancer can contact the land registry and explain the circumstances.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Rowley Regis and how can you help?
The particular law that you refer to affords protection to business leaseholders, granting the legal entitlement to make a request to court for a renewal tenancy and continue in occupation when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Rowley Regis is one of the hundreds of locations in which our lawyers are located
My wife and I purchased a leasehold flat in Rowley Regis. Conveyancing and TSB mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Rowley Regis who previously acted has long since retired. Do I pay?
First make enquiries of HMLR to be sure that this person is in fact the new freeholder. There is no need to instruct a Rowley Regis conveyancing firm to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a 2 bed flat in Rowley Regis, conveyancing having been completed in 1997. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Rowley Regis with over 90 years remaining are worth £216,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2093
With just 69 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.