AssumingI were to buy a simple residential housein Hazel Grove for cash and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Hazel Grove?
The only reduction in fees you would achieve is the Hazel Grove conveyancing searches. The conveyancer is required to do the vast majority of work - money laundering, liaising with the vendors property lawyer, stamp duty return, register the title etc. A slight saving might be made by not having to register a charge but it will not be a lot.
I have been told that property searches are the main cause of obstruction in Hazel Grove house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Hazel Grove.
I have justbeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Hazel Grove for a purchase of a freehold house 9 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hazel Grove conveyancing specialists.
I opted to have a survey done on a property in Hazel Grove ahead of instructing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some lenders may not grant a loan on such a home.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hazel Grove. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hazel Grove to see if the conveyancing will be more expensive.
I only have Seventy years remaining on my flat in Hazel Grove. I need to extend my lease but my landlord is can not be found. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to prove that you have used your best endeavours to find the freeholder. On the whole a specialist should be useful to conduct investigations and prepare a report which can be used as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on devolving into the landlord’s disappearance and the application to the County Court covering Hazel Grove.
I inherited a basement flat in Hazel Grove, conveyancing formalities finalised July 2001. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Hazel Grove with an extended lease are worth £175,000. The average or mid-range amount of ground rent is £65 levied per year. The lease runs out on 21st October 2079
With just 58 years unexpired we estimate the price of your lease extension to range between £23,800 and £27,400 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
My work colleague mentioned that when selecting a conveyancing firm they need approved by your bank. I am novice purchaser but I have an AIP from Nat West Bank and I already have a family conveyancing lawyer in Hazel Grove in place. Can Birmingham Midhshires insist on an approved lawyer to be instructed? Does a list of approved firms even exist for my conveyancing in Hazel Grove?
You should choose a solicitor that is on the Birmingham Midhshires panel. The first thing to do is call your preferred Hazel Grove conveyancing solicitor and ask if they are on the Birmingham Midhshires panel. If they are not on the panel you have numerous alternatives open to you here:
- Proceed with your existing Hazel Grove conveyancer but Birmingham Midhshires will undoubtedly use a property lawyer from their approved panel. The net impact is additional cost and probable frustration.
- Get a fresh solicitor to act in the purchase, obviously checking they are on the Birmingham Midhshires conveyancing panel.
- Convince your conveyancing practitioner to seek to join the mortgage company panel.