Souldretaining a Bartley Green conveyancing lawyer make my purchase more efficient?
Generally conveyancing lawyers in your location will benefit from excellent alliances with your local authority, which can help with your Bartley Green conveyancing searches that your lawyer will inevitably need. It can only be a plus if they enjoy strong connections with the Land Registry covering your area Bartley Green, other property lawyers in the location and Bartley Green selling agents.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Bartley Green. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/9/2023, the requirements read as follows :
How does conveyancing in Bartley Green differ for new build properties?
Most buyers of new build residence in Bartley Green come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Bartley Green usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bartley Green or who has acted in the same development.
I opted to have a survey completed on a property in Bartley Green in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some banks tend refuse to grant a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bartley Green. Conveyancing may be slightly more expensive based on your lender's requirements.
How does the Landlord & Tenant Act 1954 impact my business offices in Bartley Green and how can your lawyers assist?
The 1954 Act gives protection to business lessees, giving them the a statutory right to apply to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Bartley Green is one of the hundreds of areas of the UK in which our lawyers are based
I only have Seventy years unexpired on my flat in Bartley Green. I need to extend my lease but my freeholder is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to demonstrate that you have made all reasonable attempts to locate the landlord. For most situations a specialist should be helpful to conduct investigations and prepare an expert document which can be used as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Bartley Green.
Leasehold Conveyancing in Bartley Green - A selection of Queries Prior to buying
Please inform me if there are any major works on the horizon that will add a premium to the service costs? It would be sensible to find out as much as you can regarding the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to practical issues like the upkeep of the communal areas. Enquire of prospective neighbours whether they are happy with their service. Finally, be sure you know the dates that the service charges are due to the relevant party and specifically what it includes. You should be aware that where the lease has no more than 80 years it will have adverse implications on the value of the property. Check with your bank that they are content with remaining years on the lease. A short lease means that you will most likely require a lease extension sooner rather than later and you need to have some idea of how much this would cost. Remember, in most cases you will be be obliged to have owned the premises for a couple of years in order to be legally able to carry out a lease extension.