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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.

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Recently asked questions about conveyancing in Oldbury

Is there a reason to appoint a Oldbury conveyancing company when web based alternatives are more affordable?

Its a good idea to contrast conveyancing costs in Oldbury and you should seek a competitive fee calculation but don’t become consumed with looking for the cheapest Oldbury conveyancer. Locating the right conveyancer can be the difference between a seamless and a frustrating home move. You need to ensure that you have expert advice from an experienced conveyancer. An e-mail can never be as helpful as a telephone call and can never replicate a one to one meeting. Our partner firms will find you a qualified and trusted conveyancing solicitor who can tackle your conveyancing from start to finish, giving the sort of continuity that you will never get with an web based conveyancer. Our lawyers will keep you updated as to headway making sure that you are ensuring that you are updated at regular intervals. If you ever need to phone the firm you will be sure who you need to speak to and they will endeavour to make sure that you're not left wondering what's going on.

Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who dealt with the conveyancing in Oldbury 4 years ago have long since closed. What do I do?

As long as the title is registered the information relating to your proprietorship will be retained by HMLR with a Title Number. It is possible to conduct a search at the Land Registry, identify your house and order current copies of the property title for a small fee. If the property is Leasehold then the Land Registry will also normally hold a file duplicate of the Registered Lease and again, a copy can be retrieved for a small fee.

About to purchase a new build flat in Oldbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Oldbury

    Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, chain free conveyancing. Oldbury is the location of the property. Is there any advice you can impart?

Flying freeholds in Oldbury are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Oldbury you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Oldbury may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

What are the frequently found problems that you witness in leases for Oldbury properties?

There is nothing unique about leasehold conveyancing in Oldbury. All leases are individual and legal mistakes in the legal wording can result in certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:

    Maintenance charge proportions which don’t add up to the correct percentage

You will have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Leeds Building Society, and Platform Home Loans Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to withdraw.

I acquired a ground floor flat in Oldbury, conveyancing was carried out May 2007. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Oldbury with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease comes to an end on 21st October 2100

With only 76 years unexpired the likely cost is going to be between £8,600 and £9,800 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

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Find out more about how flying freehold can affect your the value of a property.