My aunt informed me that in purchasing a property in Edgbaston there could be various restrictions preventing external changes to the property. Is this right?
We are aware of a number of properties in Edgbaston which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Edgbaston should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have been told by my lawyer that lack of building regulations insurance is necessary on my purchase. What is the level of cover for Edgbaston conveyancing?
The appropriate level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and Coventry Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
About to purchase apartment in Edgbaston. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Edgbaston conveyancing practitioner is on the TSB conveyancing panel.
I require fast conveyancing in Edgbaston as I have an ultimatum to complete within 3 weeks. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you are at free not to have searches carried out although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Edgbaston the following are examples of what can show up and adversely impact the marketability of the property: Enforcement Notices, Overdue Fees, Outstanding Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Edgbaston is where the house is located. Can you offer any assistance?
Flying freeholds in Edgbaston are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Edgbaston you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edgbaston 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 residence.
I am four weeks into a freehold purchase having been recommend to solicitors by the selling agent to perform conveyancing in Edgbaston. We are not happy. Could you you assist me in finding new lawyers?
A lawyer would have to be very bad to suggest replacing them. Has your mortgage offer been generated? In the event that it has you will need to make them aware of the new solicitor and ensure the mortgage documents are re-issued. Your conveyancer should be on the banks approved list to avoid supplemental charges and delays. That should be your starting point. The search tool will help you find a bank approved conveyancer for your conveyancing in Edgbaston
I have just appointed agents to market my garden flat in Edgbaston. Conveyancing lawyers have not yet been instructed, however I have just had a half-yearly maintenance charge demand – what should I do?
The sensible thing to do is pay the invoice as you normally would as all ground rent and maintenance payments should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I bought a garden flat in Edgbaston, conveyancing formalities finalised in 2010. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Edgbaston with an extended lease are worth £202,000. The ground rent is £60 invoiced every year. The lease runs out on 21st October 2077
With just 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.