Is there a reason why leasehold purchase conveyancing in Erdington costs more?
Erdington leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My friend recommended that if I am purchasing in Erdington I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Erdington conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Erdington around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Erdington Education with plans and statistics, Local Amenities and other useful data regarding Erdington.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who conducted the conveyancing in Erdington 10 years ago have long since closed. What do I do?
You no longer need to have the physical deeds to prove you are the owner of your registered land or premises, as the Land Registry have everything they need in a digital format.
How does conveyancing in Erdington differ for new build properties?
Most buyers of new build premises in Erdington contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Erdington usually buy the land, 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 conveyancing solicitors 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 used to new build conveyancing in Erdington or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Erdington I like with a park and station in the vicinity, however it's only got 51 years on the lease. There is not much else in Erdington in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could 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 consult your conveyancing lawyer regarding this.
I'm converting the mortgage on my existing property to a buy to let loan with Yorkshire Building Society and intend to use the remaining equity as a down payment on another house. The area we are looking at is Erdington. Will your solicitors be able to act for both sets of mortgage companies and link together the two deals?
Do use our comparison tool on this page to ensure that the conveyancers are on the relevant lender panels. On the basis that they are the lawyer should be able to connect the two deals but you should talk with you solicitor and communicate your desired outcome and requirements.