It is a dozen years since I acquired my home in Wolverhampton. Conveyancing solicitors have recently been instructed on the sale but I can't locate the deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be retained by your mortgage company or they could stored with the solicitor who oversaw your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Most conveyancing in Wolverhampton involves registered property but in the rare situation where your property is not registered it is more of a problem but is not insurmountable.
I have been referred to a conveyancing solicitor in Wolverhampton. I I am struggling to find out if they are on the TSB approved list of lawyers. Can you or the lender confirm if they are on the panel?
The first thing to do is e-mail the conveyancer and ask them if they are on the lender panel. Alternatively you can call TSB who may be able to confirm.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Wolverhampton is the location of the property. Can you offer any assistance?
Flying freeholds in Wolverhampton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wolverhampton you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wolverhampton may ascertain 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 premises.
Is it possible to transfer to a new firm as I have to select a firm on the Chelsea Building Society conveyancing panel. I had appointed a high street conveyancing solicitor in Wolverhampton five minutes from me but she is not approved by Chelsea Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Wolverhampton on the Chelsea Building Society panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Wolverhampton. In making use of search facility on this website, you can compare fees for conveyancing solicitors in Wolverhampton and throughout England and Wales.
I need to instruct a conveyancing solicitor for my conveyancing in Wolverhampton. I've chance upon a web site which seems to have the perfect solution If there is a chance to get all formalities done via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What makes a Wolverhampton lease defective?
There is nothing unique about leasehold conveyancing in Wolverhampton. All leases are individual and legal mistakes in the legal wording can result in certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Virgin Money, and Barclays Direct all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.
I am the registered owner of a split level flat in Wolverhampton, conveyancing having been completed 3 years ago. 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 properties in Wolverhampton with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease expires on 21st October 2084
With 59 years left to run we estimate the price of your lease extension to range between £20,900 and £24,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.