My Solicitor in Walmley is not on the Bank of Scotland Approved Panel. Can I still use my prefered solicitor notwithstanding that they are not on the Bank of Scotland list of approved lawyers?
The limited options open to you here include:
- Carry on with your preferred Walmley solicitors but Bank of Scotland will need to use a solicitor on their panel. This will result in additional total legal charges as well as cause frustration.
- Get an alternative lawyer to act in the conveyancing, obviously checking they are on the Bank of Scotland panel
I am assisting my sister sell her property in Walmley. Does the solicitor arrange an EPC or it is for me to coordinate?
After the abolition of HIPs, EPC’s was left as a compulsory element of moving property. An energy performance certificate should be commissioned prior to the property being marketed. It is not something that lawyers normally arrange. Where you are using a Walmley conveyancing solicitor they may be able to arrange EPC’s given their relationships with reputable Walmley providers
My bid for a property was accepted at auction in Walmley. Conveyancing is required. What are my next steps?
Now that you are legally committed yourself to purchase you now have to find a conveyancing lawyer soon as you are faced with a fast approaching a drop dead date to complete the purchase. All auction property will ordinarily have an associated auction pack. This will include evidence of title and search results. In the case of leasehold property the legal pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You should give this to the solicitor working for you at the earliest opportunity. Do make sure that your finances are organised to complete the transaction on the set completion date.
Can you point me to a directory of Aldermore panel conveyancers in Walmley on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. A small selection of banks make their panel listings available on the web. If you are in need of a Walmley property lawyer on the Aldermore please use our tool.
I decided to have a survey completed on a property in Walmley in advance of appointing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some banks may refuse to give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. If you contact us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Walmley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Walmley to see if the conveyancing costs will increase in light of this.
My cousin has suggested that I use his conveyancing solicitors in Walmley. Do I take his advice?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to have referrals from friends or family who have used the firm that you are are thinking of instructing.
What are your top tips when it comes to choosing a Walmley conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Walmley conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Walmley conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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What are the costs for lease extension work? How familiar is the practice with lease extension legislation?
I purchased a studio flat in Walmley, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Walmley with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ends on 21st October 2080
You have 55 years unexpired we estimate the premium for your lease extension to be between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should 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.