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Find a Rednal Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Rednal

The deeds to my property can not be found. The solicitors who handled the conveyancing in Rednal 10 years ago have long since closed. Will I be able to sell the house?

These day there are duplicates made of almost everything, and your conveyancer will know exactly where to look for all the relevant documentation so you may buy or dispose of your house without any difficulty. If copies can’t be located, your lawyer can arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.

How does conveyancing in Rednal differ for newly converted properties?

Most buyers of new build residence in Rednal come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Rednal usually buy 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 property lawyers 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 used to new build conveyancing in Rednal or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Rednal is the location of the property. Is there any guidance you can impart?

Flying freeholds in Rednal are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Rednal you must be sure that your lawyer goes 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 Rednal may ascertain 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.

What tools are available to locate a Rednal solicitor on the Halifax conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the conveyancer.

Feel free to make use of the tool on this website. Please choose the mortgage company and your location and you will see a number of Rednal conveyancing lawyers located nearest you. We have listed some Rednal conveyancing firms at the bottom of this page and you can telephone them to check whether they are on the Halifax approved list

I am attracted to a two maisonettes in Rednal both have approximately 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold flat in Rednal is a wasting asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it adversely affects the marketability of the property. For most buyers and lenders, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Rednal conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I acquired a basement flat in Rednal, conveyancing was carried out 7 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Rednal with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2075

With only 53 years remaining on your lease the likely cost is going to span between £27,600 and £31,800 as well as costs.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.

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