I am helping my mother sell her house in Halesowen. Will the solicitor commission an energy assessment or it is for me to coordinate?
Following the abolition of Home Information Packs, EPC’s became a required part of selling a property. An energy assessment must be commissioned in advance of the property being advertised. It is not something that law firms normally arrange. If you are using a Halesowen conveyancing lawyer they might help arrange EPC’s given their relationships with reputable Halesowen accredited person
A friend pointed out to me me that in purchasing a property in Halesowen there may be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Halesowen which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Halesowen should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to mortgage companies such as Principality, do Halesowen property lawyers face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
How does conveyancing in Halesowen differ for newly converted properties?
Most buyers of new build property in Halesowen contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Halesowen typically buy the land, 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 property lawyers 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 accustomed to new build conveyancing in Halesowen or who has acted in the same development.
I decided to have a survey done on a property in Halesowen before retaining lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks may refuse to give a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Halesowen. Conveyancing may be slightly more expensive based on your lender's requirements.
I have just appointed agents to market my ground floor apartment in Halesowen. Conveyancing lawyers have not yet been instructed, however I have just received a quarterly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as you normally would because all rents and maintenance payments will be apportioned on completion, so you will be reimbursed by the purchaser 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. This will smooth the conveyancing process.
Halesowen Leasehold Conveyancing - Sample of Questions you should consider before buying
How is the lease structured? Most Halesowen leasehold apartments will have a service charge for the upkeep of the block invoiced on behalf of the freeholder. Should you purchase the flat you will have to pay this charge, usually periodically accross the year. This may vary from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a rentcharge for you to pay yearly, this is usually not a significant figure, say about £25-£75 but you should to check it because occasionally it could be many hundreds of pounds.
My property lawyer in Halesowen has requested from me ID documents saying that this forms part of his obligations as a solicitor on the bank Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require Halesowen conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements