Having been suggested to visit your organisation we were about to appoint conveyancing solicitor in Stourbridge found using your comparison tool but have come across some other fee calculations on the internet appear less pricey – how come?

There are numerous conveyancing organisations promoting pretending to offer cut-price conveyancing, yet more often than not additionalcosts result in the final bill mounting up beyond all recognition. Conveyancers are obliged to make sure that fees listed in terms of engagement should be equitable raised The solicitors that we put forward for conveyancing in Stourbridge specify all charges for the property you plan tobuy.

We wanted to use a conveyancing solicitor in Stourbridge for our home move. Our financial adviser has since advised us that our mortgage lenders Virgin Money won't deal with them. Why is this not regarded as unfair competition?

A mortgage company can direct that a panel conveyancer act for it. You would be expected to bear the cost of this. Please make use of our directory service to find a solicitor to conduct conveyancing in Stourbridge on the Virgin Money approved list of solicitors.

I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Stourbridge I like with open areas and transport links nearby, however it's only got 51 years on the lease. There is not much else in Stourbridge for this price, so just wondered if I would be making a mistake buying a short lease?

Should you need a home loan the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.

My husband and I are a fortnight into a leasehold purchase having been recommend to conveyancers by the selling agent to execute conveyancing in Stourbridge. I am not happy. Could you help me find new solicitors?

A lawyer would have to be very bad in order to consider replacing them. Has your mortgage offer been sent? If so you will need to make them aware of the new contact details and get the loan are re-issued. The solicitor ideally needs to be on the lenders panel to avoid supplemental fees and delays. That should be your starting point. The find a solicitor tool will help you find a bank approved lawyer for your home move in Stourbridge

Due to exchange soon on a leasehold property in Stourbridge. Conveyancing lawyers have said that they are sending me a report next week. What should I be looking out for?

Your report on title for your leasehold conveyancing in Stourbridge should include some of the following:

You need to be advised what constitutes a Nuisance as far as the lease is concerned Your solicitors should enable you to have an understanding of the building insurance obligations Are pets allowed in the flat? You would want to receive a copy of the lease if lease provides for a sinking fund?

Stourbridge Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing

This question is important as a) areas can cause problems in the block as the common areas may begin to deteriorate where repairs are not paid for b) if the leasehold owners have a dispute with the running of the building you will want to know about it You should be aware if it is less than 80 years it will affect the marketability of the property. Check with your lender that they are willing to lend given the lease term. A short lease means that you will most likely need a lease extension sooner rather than later and you need to have some idea of how much this would cost. For most Stourbridgelease extensions you would need to own the premises for 24 months before you are eligible to carry out a lease extension. It would be sensible to discover as much as you can about the managing agents as they will either make living at the property much simpler or problematic. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to every day issues like the tidiness of the communal areas. Enquire of other tenants what they think of them. Finally, find out the dates that the service charges are due to the managing agents and precisely how they are spending the funds.