Much to our surprise we have been notified by our IFA that my Moseley solicitor is not on the mortgage company Solicitor panel. How can I be certain that this is indeed the case?
The first thing you need to do is to contact your Moseley conveyancer. You lawyer should notify you of the situation. Where they are not on the panel they may be able to suggest a Moseley conveyancing practice that is on the approved list of lawyers for your bank.
The Moseley conveyancing lawyers that I appointed last week on my house acquisition in Moseley have suddenly shut down. I only went with them because I needed a lawyer on the Nottingham conveyancing panel and my previous Moseley lawyer was not. I paid them 275 plus VAT in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Nottingham conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
I have todayfound out that Arc property Solicitors have closed. They conducted my conveyancing in Moseley for a purchase of a freehold house 18 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest method to see if the property is in your name, you can make 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 Moseley conveyancing specialists.
What makes your site different to other internet conveyancing solicitors for conveyancing in Moseley?
At this site receive a conveyancing quote from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Moseley. As opposed to estate agents and many comparison sites we do not operate kick-back deals with solicitors. A large number of agents and online brokers 'recommend' the firm paying the most commission, rather than the best value conveyancing in Moseley
I am hoping to exchange soon on a ground floor flat in Moseley. Conveyancing solicitors assured me that they will have a report out to me tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Moseley should include some of the following:
An explanation as to the provision as set out in the lease to pay service charges - in relation to the building, and the more general rights a tenant enjoys What options are open to you if an adjoining owner breaches a clause of their lease? Setting out your rights in relation to common areas in the building.For example, does the lease contain a right of way over an accessway or hallways? The length of the lease term. You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark specifics of the parties to the lease, for instance these could be the tennant, head lessor, freeholder
I own a 1st floor flat in Moseley, conveyancing having been completed 4 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Moseley with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2086
You have 65 years left to run we estimate the price of your lease extension to be between £13,300 and £15,400 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.