Please could you suggest a Platform Home Loans Ltd approved Streetly conveyancing solicitor who can have us moved in within 10 days? Would it be better to use a high street Streetly practice or a factory type firm?
We can recommend some very good Streetly conveyancing firms. Another option is to visit the main road in Streetly. Approach two or three firms and ask to speak with a conveyancing solicitor for a fee estimate. Discuss your expectations together with the reasons and get a commitment on your deadline. Appoint the one that you are most comfortable with.
Why do I have to pay up front for my conveyancing in Streetly?
Where you are retaining lawyers for conveyancing in Streetly your solicitor will ask you to provide them with funds to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the conveyancing searches. If any down payment is payable against the purchase price then this should be asked for immediately in advance of exchange of contracts. The closing balance that is needed should be sent to your lawyer shortly before completion.
I am buying a right to buy a flat in Streetly. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Streetly you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Streetly.
Should our conveyancer be making enquiries regarding flooding during the conveyancing in Streetly.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Streetly. Plenty of people will buy a house in Streetly, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, however there are a various searches that can be carried out by the buyer or by their lawyers which will give them a better appreciation of the risks in Streetly. The conventional set of property information forms supplied to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the seller to find out whether the premises has suffered from flooding. If the property has been flooded in past which is not revealed by the seller, then a buyer may commence a compensation claim as a result of such an incorrect answer. The buyer’s lawyers may also carry out an environmental report. This will reveal if there is any known flood risk. If so, further inquiries should be initiated.
I opted to have a survey carried out on a property in Streetly in advance of appointing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some banks will refuse to grant a loan on this type of property.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Streetly. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Streetly to see if the conveyancing costs will increase in light of this.