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Recently asked questions about conveyancing in Perry Barr

The conveyancer who dealt with my previous purchase has quoted £995 for no sale no fee conveyancing in Perry Barr. I’m selling a Victorian house for £225,000. Are these estimated fees excessive? Is it in excess of the average fee for conveyancing in Perry Barr?

The charges are a bit high. If you shop around you may be able to trim some of the cost by as much as £100 plus VAT. On the other hand, you couldcome to regret choosing an an unknown conveyancer. Don't forget to ensure that the conveyancer can act for your mortgage company. Do utilise our search tool to find a Perry Barr conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Perry Barr.

I require conveyancing for an apartment in a fairly new development (seven years built) in Perry Barr. The vast majority the flats are already disposed of. Is it strictly necessary to order conveyancing searches as part of conveyancing in Perry Barr?

You would be putting yourself at risk in refusing to carrying out Perry Barr conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would seriously advise in no uncertain terms that you have them. If timings and driving down costs are top of your issues you should consider with your solicitor about the options such as contingency insurance available to you

How does conveyancing in Perry Barr differ for new build properties?

Most buyers of new build or newly converted property in Perry Barr come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Perry Barr typically acquire the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Perry Barr or who has acted in the same development.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Perry Barr is where the house is located. Can you shed any light on this issue?

Flying freeholds in Perry Barr are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Perry Barr you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Perry Barr 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 property.

Last August I purchased a leasehold flat in Perry Barr. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part 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).

Perry Barr Leasehold Conveyancing - Examples of Queries before Purchasing

    How much is the annual service fee and ground rent? The answer will be helpful as a) areas may cause problems for the building as the communal areas may begin to deteriorate where maintenance are not paid for b) if the leaseholders have an issue with the managing agents you will want to have all the details Is the freehold owned collectively by the tenants?

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