I am need of leasehold conveyancing for a flat in a relatively new development (five years built) in Woodcote Green. The vast majority the flats have already been occupied. Do I need carry out the local searches as part of conveyancing in Woodcote Green?
You would be taking a significant risk in refusing to carrying out Woodcote Green conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would absolutely advise in no uncertain terms that you have them. Where speed and price are top of your concerns you should discuss with your conveyancer about the viability of search insurance
What is the best way to discover of the solicitor carrying out my conveyancing in Woodcote Green is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Birmingham Midshires thus spending £192.00 in further legal costs.
Please do take advantage of the search tool on this page. Please choose the mortgage company and type ‘Woodcote Green’ or your preferred area and you will see numerous conveyancers based in Woodcote Green or by proximity to you.
4 months have elapsed following my purchase conveyancing in Woodcote Green concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Woodcote Green differ for newly converted properties?
Most buyers of new build residence in Woodcote Green come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because new home sellers in Woodcote Green tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Woodcote Green or who has acted in the same development.
I am employed by a long established estate agent office in Woodcote Green where we have witnessed a number of flat sales put at risk as a result of short leases. I have received contradictory information from local Woodcote Green conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Having spent months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Woodcote Green. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to calculate the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Woodcote Green flat is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case was in relation to 1 flat. The unexpired term was 71.73 years.
Been searching for a solicitor for freehold sale conveyancing in Woodcote Green. I'm selling, uncomplicated no mortgage to pay off, no hurry, no onward purchase. Had an estimate from a lawyer for nine hundred pounds excluding VAT which is a little high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Woodcote Green?
Given that it’s a sale only, £425 + VAT should be about the best for sale conveyancing in Woodcote Green.