I have given 2 months notice to my existing landlord and must leave my rented property in Brownhills by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in 4 weeks as don't want to have to move into temporary accommodation?
It is unwise to provide notice on a rental until you have exchanged. If you have not previously done so, contact to your lawyer and request that they chase the owners solicitors, try to an acceptable time-line that everyone will aim towards
It is 10 years ago since I bought my home in Brownhills. Conveyancing solicitors have just been appointed on the sale but I am unable to locate the title deeds. Is this a problem?
Don’t worry too much. First the deeds may be retained by your mortgage company or they may still be with the conveyancers who oversaw the purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. Most conveyancing in Brownhills involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
I have been told that property searches are the primary reason for obstruction in Brownhills house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Brownhills.
It has been three months since my purchase conveyancing in Brownhills took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Are there any apps to assist me to identify a Brownhills solicitor on the Barclays conveyancing panel? I am a keen cyclist and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the search on this page. Please pick a lender and your location and you will see a number of Brownhills conveyancing lawyers locally. We have detailed some Brownhills conveyancing firms at the bottom of this page and you can contact them to check if they are on the Barclays member panel
I am attracted to a couple of maisonettes in Brownhills both have approximately fifty years left on the leases. Do I need to be concerned?
There are plenty of short leases in Brownhills. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease reduces and it becomes more costly to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this arena.
I own a leasehold flat in Brownhills, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Brownhills with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £50 per annum. The lease expires on 21st October 2099
With 75 years left to run the likely cost is going to range between £8,600 and £9,800 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.