I am in a contract race with another buyer for a property in Coombe. What can I do to expedite matters?
In a situation where you are under time constraints for your conveyancing we would recommend that your lawyer is familiar with the area as they will have local connections and knowledge. It is even conceivable that they could have transacted previousproperties in the same road. You would be best advised to use a Coombe conveyancing firm. In addition, be sure that the conveyancing firm is on the lender panel. It is estimated that nearly one in five of Coombe conveyancing transactions are suspended or jeopardised after discovering a purchaser’s solicitor was not on their mortgage lender’s list of approved solicitors. This can often result in the legal transfer of property being held up by as much as three weeks. It is estimated that this issue impacts approximately 100,000 home moves every year. Most Coombe conveyancing practices can not act for certain lenders so do check at the outset.
I am buying a house and need a conveyancing solicitor in Coombe who is on the Birmingham Midshires conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Birmingham Midshires in certain locations such as Coombe. We dont recommend any particular firm.
I am looking for a flat up to £245,000 and found one close by in Coombe I like with open areas and station in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Coombe for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My company is wishing to take an assignment of a lease of an office on a shopping parade. Can you recommend lawyers offering fixed costs for non-domestic conveyancing in Coombe for under 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Coombe, including the disposal and purchase of businesses as well as simply property. If you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right lawyer. Regarding the fees this will depend on the structure and terms of the deal. Please provide us with your contact information or telephone so as to enable us to provide you with comprehensive commercial conveyancing calculation.
I am using a search engine for the phrase cheap conveyancing in Coombe it brings up many conveyancersin the vicinity. With so much choice what is the best way to find the right property lawyer for me?
The best method of seeking a suitable conveyancer is through a personal testimonial, so enquire of friends and those you trust who have purchased a property in Coombe or the reputable estate agent or financial adviser. Charges for conveyancing in Coombe differ, so it's sensible to secure at least four estimates from different companies. Be sure to obtain confirmation that the fees are fixed.
I've recently bought a leasehold flat in Coombe. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Coombe conveyancing firm to help?
in cases where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the price.
An example of a Freehold Enfranchisement decision for a Coombe property is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case related to 4 flats. The remaining number of years on the lease was 98 years.