We see that you have a search directory identifying firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Locks Heath?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Locks Heath.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Locks Heath. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
I require expedited conveyancing in Locks Heath as I have pressure to sign on the dotted line within one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a mortgage you are at liberty not to do searches although no conveyancer would advise that you don't. Drawing on our experience of conveyancing in Locks Heath the following are examples of issues that can be revealed and adversely affect future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Railway Schemes,...
I'm purchasing my first flat in Locks Heath with a mortgage from TSB. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not reveal to my solicitor about this extras as it would impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
All being well we will complete the disposal of our £200,000 apartment in Locks Heath in just under a week. The management company has quoted £384 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Locks Heath?
Locks Heath conveyancing on leasehold maisonettes usually necessitates the buyer’s lawyer submitting questions for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be willing to assist. They may charge a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some situations it exceeds £800. The management information fee required by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration fees, without which the invoice is not strictly payable. In reality one has little option but to pay whatever is demanded should you wish to complete the sale of your home.
I bought a 1 bedroom flat in Locks Heath, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Similar flats in Locks Heath with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease expires on 21st October 2100
With 75 years left to run we estimate the price of your lease extension to be between £8,600 and £9,800 as well as costs.
The suggested premium range above 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 detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
My intention is to acquire a garden apartment in Locks Heath. Conveyancing lawyer is waiting for, from the seller, building insurance paperwork. This morning I was advised that the owner must send the insurance paperwork for the flat above as well. Why does my conveyancing practitioner want to see the insurance for the other flat? Is it really required? We have been stalled for the last fortnight…
It is not unheard of in leasehold conveyancing in Locks Heath to find Conveyancing in Locks Heath in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats as opposed to the freeholder insuring the entire premises - which is clearly better. Do double check with your lawyer but it would appear that your solicitor is seeking to establish that the complete building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed for lack of insurance cover.