Do the conveyancing lawyers that you recommend perform right to buy conveyancing in Birmingham?
We do have plenty of conveyancing solicitors carrying out right to buy transactions Do call the lawyers listed with a view to secure a conveyancing quote.
I own a freehold house in Birmingham but still charged rent, why is this and what is this?
It’s unusual for properties in Birmingham and has limited impact for conveyancing in Birmingham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
When it comes to mortgage companies such as UBS, do Birmingham property lawyers face a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Can I be sure that the Birmingham conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Birmingham seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor carrying out your transaction.
Planning on purchasing a apartment in Birmingham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Birmingham property lawyer is on the HSBC conveyancing panel.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Birmingham and how can you help?
The particular law that you refer to provides security of tenure to business tenants, granting the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Birmingham is one of the many locations in which our lawyers are located
Are there common deficiencies that you encounter in leases for Birmingham properties?
Leasehold conveyancing in Birmingham is not unique. Most leases are unique and drafting errors can result in certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain parts of the building Insurance obligations
You will encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Bank of Scotland, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to withdraw.
I bought a 1st floor flat in Birmingham, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Birmingham with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ceases on 21st October 2094
With 69 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
I need to review quotes for conveyancing in Birmingham from various solicitor and decide on one. Am I right to get them to sit tight until I a suitable apartment to buy.
You should only request your solicitor to commence work and apply for searches after the sales memo has been issued by the selling agent especially as Birmingham conveyancing searches are a couple of hundred pounds.