AssumingI was to acquire a simple residential propertyin Sutton Coldfield for cash and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Sutton Coldfield?
Any savings you would achieve will be limited to the Sutton Coldfield conveyancing searches. A conveyancer is obliged to do the vast majority of work - money laundering, liaising with your vendors solicitor, SDLT return, register the property etc. A marginal saving might be made by not having to register a mortgage however it will not be significant.
We are selling our property in Sutton Coldfield and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Sutton Coldfield lawyer would know this is not the case. It does beg the question why the buyers are using a web based conveyancing outfit rather than a conveyancing solicitor in Sutton Coldfield. We have lived in Sutton Coldfield for many years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I'm purchasing my first flat in Sutton Coldfield with the aid of help to buy. The developers refused to reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my solicitor about this deal as it will adversely affect my loan with Platform Home Loans Ltd. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a flat up to £235,500 and identified one close by in Sutton Coldfield I like with amenity areas and railway links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Sutton Coldfield suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
In scouring the world wide web for the phrase conveyancing in Sutton Coldfield it shows results of numerous conveyancerslocally. With so much choice what is the best way to find the suitable solicitor for me?
The ideal method of seeking a suitable conveyancer is via personal referral, so seek the guidance of colleagues and family who have acquired a property in Sutton Coldfield or a local estate agent or mortgage broker. Charges for conveyancing in Sutton Coldfield differ, so it's a good idea to secure at least four estimates from varying types of law firms. Dont forget to clarify that the fees are fixed.
Looking forward to exchange soon on a leasehold property in Sutton Coldfield. Conveyancing lawyers inform me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Sutton Coldfield should include some of the following:
-
Does the lease prevent you from subletting the flat, or working from home specifics of the parties to the lease, e.g. these could be the (you), head lessor, landlord You should be told what counts as a Nuisance as far as the lease is concerned You should be sent a copy of the lease It needs to be made clear to you whether the lease permits you to add or upgrade aspects of the flat- you should know whether any restrictions applies to all alterations or just structural alteration, and whether permission is mandated necessary
I am the registered owner of a 2 bed flat in Sutton Coldfield, conveyancing formalities finalised in 2002. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Sutton Coldfield with an extended lease are worth £185,000. The ground rent is £65 charged once a year. The lease terminates on 21st October 2085
With 60 years left to run we estimate the premium for your lease extension to be between £20,000 and £23,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. Do not use this information 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 based on this information without first getting professional advice.