I have todaybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Wednesbury for a purchase of a freehold house 10 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest way to check if the premises 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 Wednesbury conveyancing specialists.
I am buying my first flat in Wednesbury with a loan from Virgin Money. The sellers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my lawyer about this deal as it will put at risk my loan with Virgin Money. Is this normal?.
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.
I am looking into buying my first house which is in Wednesbury and I am already nervous. I couldn't find anything specific about Wednesbury. Conveyancing will be needed in due course but do you know about the Wednesbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Wednesbury. In the meantime here are some basic statistics that we found
My husband and I are FTB’s - had an offer accepted, yet the selling agent advised that the seller will only go ahead if we use the agent's recommended solicitors as they need an ‘expedited deal’. We would rather use a local solicitor accustomed to conveyancing in Wednesbury
We suspect that the seller is not behind this request. Should the owner desire ‘a quick sale', turning down a motivated buyer is counter productive. Try to communicate with the vendors directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you intend to appoint your own,trusted Wednesbury conveyancing firm - not the ones that will earn their estate agent a kickback or hit his conveyancing figures demanded by senior management.
I am looking at a couple of flats in Wednesbury both have in the region of 50 years remaining on the leases. Do I need to be concerned?
A lease is a right to use the property for a prescribed time frame. As the lease shortens the value of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
I own a ground floor flat in Wednesbury, conveyancing was carried out November 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Wednesbury with an extended lease are worth £175,000. The ground rent is £65 invoiced every year. The lease ends on 21st October 2079
With just 58 years unexpired we estimate the price of your lease extension to span between £23,800 and £27,400 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. 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. Neither should you take any other action placing reliance on this information without first getting professional advice.