We are getting closer to an exchange on a flat in Stourbridge and my parents have sent the exchange deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The property lawyer is duty bound to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a property in Stourbridge? or Apparently there is a law dating back centuries that means some owners of property living in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this appropriate for conveyancing in Stourbridge?
Unless a previous purchase of the property took place after 12 October 2013 you may expect conveyancing practitioners carrying out conveyancing in Stourbridge to continue to advocate a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Stourbridge is the location of the property. Can you shed any light on this issue?
Flying freeholds in Stourbridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stourbridge you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stourbridge may decide 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 residence.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Stourbridge and how can your lawyers assist?
The particular law that you refer to affords security of tenure to commercial tenants, giving them the dueness to make a request to court for a new lease and remain in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Stourbridge
In my capacity as executor for the will of my aunt I am disposing of a house in Neath but I am based in Stourbridge. My lawyer (approximately 250 miles awayhas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Stourbridge who can attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Stourbridge based
Having had my offer accepted I require leasehold conveyancing in Stourbridge. Before I get started I want to be sure as to the remaining lease term.
If the lease is registered - and most are in Stourbridge - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Stourbridge - Sample of Queries Prior to Purchasing
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It is important to be aware whether fixing the lift or some other significant cost is coming up that will be shared between the tenants and may well materially impact the level of the service fees or necessitate a specific invoice. How many of the leaseholders are in arrears for their maintenance charge payments?