lenderpanel

Find a Smethwick Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Smethwick

I have given 8 weeks notice to my current landlord and have to vacate my rented property in Smethwick by 17/7/2024. Conveyancing on my purchase is underway. Can I complete in 4 weeks as don't want to have to move into temporary accommodation?

The normal practice is not to serve notice on a rental unless your lawyer suggests that you should. If you have not already done so, speak to your solicitor and ask them to they cajole the owners solicitors, try to get a realistic time scale from them that everyone will aim towards

We are planning to acquire a house and require a conveyancing solicitor in Smethwick who is on the HSBC solicitor panel. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Smethwick.

Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who dealt with the conveyancing in Smethwick 4 years ago no longer exist. Will I be able to sell the house?

You no longer need to have the physical original deeds to establish that you are the registered proprietor of land or property, as the Land Registry hold details of all registered land or property electronically.

The estate agent has sent us the confirmation of our purchase of a new build flat in Smethwick. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Smethwick

    If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. Please confirm the Lease plans are architect prepared.

I work for a long established estate agency in Smethwick where we see a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Smethwick conveyancing solicitors. Can you shed some light as to whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I invested in buying a leasehold flat in Smethwick, conveyancing formalities finalised in 2003. Can you work out an approximate cost of a lease extension? Similar flats in Smethwick with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2096

With 72 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as professional fees.

The suggested premium range 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. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered 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.

Last updated

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