I am obtaining a mortgage with Nat West. I would like to enlist the help of a Licensed Conveyancer in Burntwood. Does the Nat West Solicitor panel allow for Licensed Conveyancers?

The Nat West approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.

I am need of leasehold conveyancing for a flat in a relatively new development (seven years built) in Burntwood. Almost all the appartments have already been disposed of. Do I need carry out the neighbourhood searches for my conveyancing in Burntwood?

You are opening yourself up to an unnecessary risk in refusing to carrying out Burntwood 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 without a mortgage there is no legal necessity to have them, but we would strongly advise in no uncertain terms that your solicitor conducts them. Where accelerating the process and cost are top of your concerns you should consider with your solicitor about the option of search insurance

I have recentlydiscovered that Action Conveyancing have closed. They carried out my conveyancing in Burntwood for a purchase of a freehold house 10 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?

The easiest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Burntwood conveyancing specialists.

I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Burntwood I like with amenity areas and station in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Burntwood in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

If you need a mortgage that many years may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.

I am hoping to complete next month on a basement flat in Burntwood. Conveyancing solicitors have said that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Burntwood should include some of the following:

The length of the lease term. You should receive guidance as what happens when the lease ends, and informed of the importance of the 80 year mark Repair and maintenance of the flat Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? You should receive a copy of the lease Whether your lease caters for for a reserve fund?

Burntwood Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing

How much is the ground rent and service charge? For most Burntwood leaseholds the cost for major works tend not to be included within service charges, although a few managing agents in Burntwood obliged tenants to contribute towards a reserve fund created for the specific intention of establishing a fund for major repairs or maintenance. Its a good idea to discover as much as you can concerning the company managing the building as they can either make your living at the property much easier or a lot more difficult. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to daily matters like the tidiness of the common parts. Ask prospective neighbours whether they are happy with them. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the relevant party and precisely what you get for your money.