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Find a Stechford Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Stechford

As a novice what is the most important advice you can impart concerning purchase conveyancing in Stechford?

Not many law firms or advisers will tell you this but conveyancing in Stechford or throughout Birmingham is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of room for confrontation between you and others involved in the ownership transfer. E.g., the vendor, property agent and sometimes the mortgage company. Choosing a law firm for your conveyancing in Stechford an important selection as your conveyancer is your adviser, and is the SOLE person in the transaction whose role it is to protect your legal interests and to keep you safe.

Sometimes a third party with a vested interest may attempt to sway you that you should follow their advice. For instance, the estate agent may claim to be assisting by suggesting your lawyer is dragging his heels. Or your mortgage broker may tell you to do something that is against your lawyers guidance. You should always trust your lawyer above all other parties in the conveyancing process.

I have justbeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Stechford for a purchase of a freehold house 12 months ago. How can I establish that the property is in my name in the name of the former proprietor?

The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stechford conveyancing specialists.

I am purchasing a new build house in Stechford with a loan from Chelsea Building Society. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative told me not to tell my lawyer about the deal as it will affect my loan with Chelsea Building Society. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Stechford is where the house is located. Can you shed any light on this issue?

Flying freeholds in Stechford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stechford you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stechford 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 residence.

I would like to sublet my leasehold flat in Stechford. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?

Notwithstanding that your previous Stechford conveyancing lawyer is not available you can review your lease to check if it allows you to sublet the apartment. The accepted inference is that if the lease is non-specific, subletting is permitted. There may be a precondition that you are obliged to obtain consent via your landlord or some other party before subletting. The net result is you not allowed to sublet in the absence of first obtaining permission. The consent should not be unreasonably turned down. If your lease does not allow you to sublet you should ask your landlord for their consent.

I bought a ground floor flat in Stechford, conveyancing formalities finalised in 2003. How much will my lease extension cost? Equivalent flats in Stechford with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease terminates on 21st October 2077

You have 55 years left to run we estimate the premium for your lease extension to range between £31,400 and £36,200 plus professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account 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.