My stepmother advised me that in buying a property in Streetly there may be various restrictions as to what one can do in terms of external alterations to the property. Is this right?

There are anumerous of properties in Streetly which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Streetly should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I am the only recipient of my late father’s will and I have everything in my name alone, including the house in Streetly. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my proprietorship may be considered the same way as if I'd bought the house in January. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Most lenders would take a practical view as this provision is chiefly there to capture the purchase and immediately sell or the wholesaling and assigning of properties.

Are all Streetly Conveyancing Quality Solicitors on the Clydesdale conveyancing list of approved practices?

A selection of banks and building societies now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.

Are there restrictive covenants that are commonly identified as part of conveyancing in Streetly?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Streetly. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am looking for a ground for flat up to £245,000 and identified one round the corner in Streetly I like with a park and railway links in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Streetly in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.

Hoping to buy a property located in Streetly and I am already nervous. I couldn't find anything specific about Streetly. Conveyancing will be needed in due course but do you know about the Streetly area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Streetly. In the meantime here are some basic statistics that we found

I am on look out for some leasehold conveyancing in Streetly. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.

If the lease is recorded at the land registry - and most are in Streetly - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Leasehold Conveyancing in Streetly - Sample of Questions you should consider Prior to Purchasing

Many Streetly leasehold apartments will incur a service bill for maintenance of the building set by the landlord. If you acquire the property you will have to pay this amount, normally in instalments during the year. This may vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. In all probability there will be a rentcharge for you to pay annual, ordinarily this is not a significant sum, say about £25-£75 but you need to check as occasionally it could be many hundreds of pounds. Please inform me if there are any major works in the planning that could increase the maintenance charges? How much is the ground rent and service charge?