I just bought a flat at auction in Erdington. Conveyancing is necessary. What is next?
Having legally committed yourself to purchase you should instruct a conveyancing solicitor as a matter of urgency as you are faced with a fast approaching a drop dead date to complete the deal. All auction property will ordinarily have a bespoke legal pack. This will likely include most,if not all of the documents that your conveyancer requires. If you have purchased leasehold premises the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that you have funds in place to complete the transaction on the set completion date.
This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Erdington. Do I receive the keys to the property on the completion date from my solicitor? If this is the case, I will find a local conveyancing solicitor in Erdington?
On the day of completion you do not need to go to the conveyancers office in Erdington. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you should be called to collect the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
I have a mortgage with RBS for my property in Erdington. Conveyancing was finalised some time ago. Should I wish 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 RBS?
Your original mortgage agreement with RBS will provide that you need their approval prior to renting your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 RBS directly. You need not do this via a RBS conveyancing panel lawyer.
Just acquired a semi-detached house in Erdington , What is the estimated time for the Land Registry to register my ownership? My Erdington conveyancing solicitor works at snail pace, so I want to check the registration is concluded.
As far as conveyancing in Erdington is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can vary depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any 3rd parties. Currently roughly three quarters of submission are fully addressed in less than three weeks but some can be subject to longer hold-ups. Registration is effected after the new owner is living at the premises thus 'speed' is not usually primary concern but where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Erdington I like with amenity areas and station nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Erdington suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I'm converting the mortgage on my existing home to a BTL mortgage with Britannia and I will use the rest of the raised equity as a down payment on further house. The area we are looking at is Erdington. Will your conveyancers be able to act for the two lenders and tie in the two deals?
Make use of our comparison tool on this page to check that the conveyancers are approved by both banks. On the basis that they are your conveyancer will be able to tie up the two deals but you should have a chat with you solicitor and specify your expectations and needs.
I am 14 days into a residential purchase having been recommend to solicitors by the estate agent to execute conveyancing in Erdington. I am not happy. Can you you assist me in finding new conveyancers?
A conveyancer would need to be really poor to suggest diss instructing them. Has your loan offer been issued? If so you must advise them of the new contact details and get the offer are re-issued. The solicitor ideally needs to be on the mortgage company panel to avoid supplemental expenses and complications. So that should be your starting point. The find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in Erdington
I was informed by my bank that their panel solicitors operate no move no charge basis for conveyancing in Erdington. I had a purchase abort nevertheless the solicitors have requested search fees! They say the fees are seperate!
Erdington conveyancing search costs are separate expenses not legal fees as these are due to a third party.