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Recently asked questions about conveyancing in Willenhall

Can you explain why leasehold purchase conveyancing in Willenhall is more expensive?

Willenhall leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

I require expedited conveyancing in Willenhall as I have pressure to exchange contracts inside 4 weeks. Fortunately I do not need a mortgage. Can I escape the need for conveyancing searches to save money and time?

If.Given you are not getting a mortgage you have the choice not to do searches although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Willenhall the following are instances of what can arise and adversely impact future mortgageability: Enforcement Actions, Overdue Charges, Overdue Grants, Railway Schemes,...

I own a 4 bedroom Victorian house in Willenhall. Conveyancing lawyer represented me and TSB. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the matching property. Is it worth asking TSB to clarify?

You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Willenhall and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing lawyer who conducted the purchase.

We're novice buyers - agreed a price, yet the property agent told us that the vendor will only go ahead if we appoint the agent's recommended conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer accustomed to conveyancing in Willenhall

It is highly unlikely the sellers are driving this. If they desire ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Willenhall conveyancing solicitors - not the ones that will provide their estate agent a referral fee or achieve conveyancing thresholds pre-set by HQ.

What are your top tips when it comes to appointing a Willenhall conveyancing firm to deal with our lease extension?

If you are instructing a solicitor for lease extension works (regardless if they are a Willenhall conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non Willenhall conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:

    How experienced is the practice with lease extension legislation?

I own a 2 bed flat in Willenhall, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Willenhall with over 90 years remaining are worth £222,000. The ground rent is £50 levied per year. The lease expires on 21st October 2093

With 71 years remaining on your lease we estimate the price of your lease extension to be between £9,500 and £11,000 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.

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