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Recently asked questions about conveyancing in Sparkhill

I am in the market for a low cost conveyancer. Should I go for for an internet conveyancer as opposed to a family Sparkhill conveyancing lawyer?

In the main conveyancing practitioners in your neck of the woods will have good alliances with your local authority, which could assist with the Sparkhill conveyancing searches that your lawyer will inevitably need. It can only be a plus if they enjoy existing connections with the Land Registry covering your area Sparkhill, other conveyancers in the area and Sparkhill Estate Agents.

I have been told that property searches are the number one reason for obstruction in Sparkhill conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Sparkhill.

Just had an offer accepted on a new build apartment in Sparkhill. 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 conveyancing.

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

    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. 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. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Sparkhill is the location of the property. Can you shed any light on this issue?

Flying freeholds in Sparkhill are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sparkhill you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sparkhill may determine 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 residence.

Looking forward to sign contracts shortly on a basement flat in Sparkhill. Conveyancing lawyers have said that they report fully within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Sparkhill should include some of the following:

    You should receive a copy of the lease Where does the liability rest to repair and maintain the block. It is essential that you know which party is responsible the repair and maintenance of every part of the building Repair and maintenance of the premises You should have a good understanding of the building insurance provisions
For details of the information to be included in your report on your leasehold property in Sparkhill please enquire of your conveyancer in advance of your conveyancing in Sparkhill.

I am the registered owner of a 1st floor flat in Sparkhill, conveyancing was carried out July 2003. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Sparkhill with an extended lease are worth £171,000. The ground rent is £50 per annum. The lease ceases on 21st October 2102

You have 79 years left to run we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not 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.