Find a Oldbury Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Oldbury? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Oldbury transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Oldbury conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Oldbury

I have given 8 weeks notice to my current landlord and have to be out of my let out apartment in Oldbury by 1/4/2019. Conveyancing on my purchase is underway. How realistic is it to complete in three weeks as don't want to have to move into temporary accommodation?

The normal practice is not to provide notice on a rental until you have exchanged. If you have not previously done so, speak to your conveyancer and ask them to they chase the owners side, try to an acceptable time-line that everyone will look towards

I have recentlybeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Oldbury for a purchase of a leasehold apartment 10 months ago. How can I be sure that my home is not still registered in the name of the previous owner?

The quickest method to check if the premises is registered to you, you can carry out 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 Oldbury conveyancing specialists.

I was recommended by numerous estate agents in Oldbury to get a quote from a solicitor using your seach tool. Is there a financial inducement for Estate Agents to market your lawyers rather than another?

We don’t give any referral fee for sending work in our direction. We found it would be just too difficult to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

Completion is due on the disposal of our £400,000 flat in Oldbury on Monday in a week. The landlords agents has quoted £372 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Oldbury?

Oldbury conveyancing on leasehold flats usually necessitates administration charges invoiced by freeholders :

    Answering conveyancing due diligence questions Where consent is required before sale in Oldbury Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Oldbury leasehold premises is £350. For Oldbury conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to supply answers.

I inherited a 1st floor flat in Oldbury, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Corresponding flats in Oldbury with an extended lease are worth £171,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2098

With 79 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 as well as legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.

As a leasehold owner I am on the hook for a maintenance fee for my appartment in Oldbury. Due to redundancy and personal issues I slipped behind with remittance. The management company agreed a settlement plan but there is still in the region of £3000 outstanding at the current time.

I want to dispose of the property and I am panicking this could jeopardize the sale if I have to discharge the amount due in advance. I'd like to sell up and subsequently discharge the debt from the proceeds - is this viable?

The conveyancing practitioner undertaking your Oldbury sale should be able to negotiate with the management company, and agree with them whether or not they would accept settlement from sale proceeds. Here is indicative of why it might be good to select a conveyancer in Oldbury as they are likely to have an open line of communication with the parties.

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