I need some quick conveyancing in Handsworth as I am under pressure to complete inside one month. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you are at free not to have searches carried out although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Handsworth the following are examples of what can crop up and therefore affect future saleability: Enforcement Actions, Overdue Fees, Overdue Grants, Unadopted Roads,...
How does conveyancing in Handsworth differ for new build properties?
Most buyers of new build property in Handsworth approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Handsworth typically buy 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 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 used to new build conveyancing in Handsworth or who has acted in the same development.
Am I best advised to appoint a Handsworth conveyancing lawyer in close proximity to the house I am purchasing? I have an old university friend who can conduct the conveyancing but his firm is located 200miles away.
The benefit of a local Handsworth conveyancing practice is that you can pop in to execute documents, hand in your ID and pester them if necessary. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were content that must outweigh using an unknown Handsworth conveyancing solicitor solely due to them being local.
I've recently bought a leasehold house in Handsworth. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a leasehold flat in Handsworth, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Handsworth with over 90 years remaining are worth £180,000. The ground rent is £65 charged once a year. The lease comes to an end on 21st October 2081
With just 59 years remaining on your lease we estimate the premium for your lease extension to span between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.
Been looking for a solicitor for leasehold sale conveyancing in Handsworth. We are selling, uncomplicated no mortgage to pay off, no hurry, no onward chain. Received an estimate from a property lawyer for £1000 plus VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Handsworth?
As it’s a sale only, 475 + VAT is likely to be about the lowest for a Handsworth solicitor firm.