My partner’s mother is a conveyancing practitioner. I hope that I'll be able to get friends and family fee for conveyancing, but if not, what kind of figure should I be paying for conveyancing in Belmont?
It’s a good idea to request two or three conveyancing estimates. Make use of our search tool on this site. You will notice that estimates seem to vary but service levels do differ between conveyancers as is the case with the vast majority of professional services.
Is there a reason why leasehold purchase conveyancing in Belmont costs more?
Belmont leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My brother-in-law has suggested I instruct a conveyancing solicitor in Belmont. I I am struggling to find out if they are on the Birmingham Midshires conveyancing panel. Can you or the lender confirm if they are on the panel?
You should call your lawyer and enquire whether they are on the lender panel. Otherwise you should call Birmingham Midshires who may be able to help.
My solicitor has informed me that breach of easement insurance is needed on my purchase. What is the level of cover for Belmont conveyancing?
The right level of breach of easement indemnity insurance depends on who your lender is. It would differ for example between HSBC Bank and Skipton Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
I am currently in the process of buying my council flat in Belmont. I have a mortgage agreed with Kent Reliance. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
I have a mortgage with UBS for my property in Belmont. Conveyancing has been completed months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform UBS?
Your original mortgage agreement with UBS will provide that you need their approval in advance of renting your property as this is likely to be a breach of UBS’s mortgage conditions. It may be that UBS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. It should not be necessary to do this via a UBS conveyancing panel solicitor.
Given that I will soon part with £400,000 on a property in Belmont I would like to talk to a solicitor regarding thehouse move before appointing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer due to be carrying out your property ownership legalities in Belmont.There is no ‘factory style conveyancing’ - each client is an important individual, not a case reference. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Belmont should be the figure that you end up paying.
I am employed by a reputable estate agency in Belmont where we see a number of leasehold sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Belmont conveyancing solicitors. Please can you clarify whether the seller of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the proprietor of a garden flat in Belmont. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
if there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to assess the premium.
An example of a Lease Extension decision for a Belmont flat is 197 Byron Road in March 2013. In relation to the value of the extended lease the tribunal concluded that the appropriate premium should be £19237 This case was in relation to 1 flat. The unexpired term was 70.92 years.