I have given 8 weeks notice to my existing landlord and have to be out of my let out apartment in Kings Heath by . Conveyancing on my purchase has just started. Can I complete in 4 weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to give notice for your lease unless your lawyer suggests that you should. Assuming that you have not already done so, speak to your solicitor and ask them to they chase the owners side, try to get a realistic time scale from them that everyone will aim to achieve
I am considering applying for a mortgage for purchase of a newly converted (under development) in Kings Heath with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for ?
There is nothing to stop you using your solicitor, but will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I'm the sole beneficiary of my late grandmother’s will and I have everything in my name alone, including the house in Kings Heath. The Kings Heath property was put into my name in . I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership may be considered the same way as if I'd bought the property in . Do I have to wait 6 months to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this clause principally exists to identify the purchase and immediately sell or the flipping of properties.
When it comes to lenders such as , do Kings Heath incur a yearly amount to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
After much negotiation I have agreed a price on an apartment in Kings Heath. My financial adviser recommended their conveyancers. I paid an on account payment of £200. A few days later, the contacted me sheepishly admitting that they were not on the conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I decided to have a survey completed on a property in Kings Heath ahead of appointing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders tend not give a loan on such a home.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you e-mail us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kings Heath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kings Heath to see if the conveyancing costs will increase in light of this.
I am a sole trader hoping to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering no-move-no costs for non-domestic conveyancing in Kings Heath for less than 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Kings Heath, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. Regarding the fees this will depend on the structure and nuances of the deal. Please provide us with your details or telephone us so that we can furnish you with comprehensive commercial conveyancing calculation.