Me and my partner are due to exchange on the purchase of a property in Maida Hill but as a consequence of wreckage from the recent storms I have was able negotiate reparation from the seller in the sum of £3k in the form of a deduction in the price. This was going to be addressed as part of the conveyancing process but TSB will not permit this. Should they have been informed?
Any lawyer being on a TSB conveyancing panel is duty bound to advise TSB of any changes to the purchase price. If you were to refuse your conveyancer to report the reduction to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new conveyancing practitioner for your conveyancing in Maida Hill.
I am looking to buy a house and require a conveyancing solicitor in Maida Hill who is on the Birmingham Midshires solicitor. 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 Maida Hill. We dont recommend any particular firm.
Should our conveyancer be raising questions concerning flooding as part of the conveyancing in Maida Hill.
Flooding is a growing risk for lawyers dealing with homes in Maida Hill. There are those who buy a property in Maida Hill, completely expectant that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, but there are a numerous checks that can be initiated by the buyer or by their conveyancers which should figure out the risks in Maida Hill. The standard information given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to discover if the premises has suffered from flooding. If flooding has previously occurred and is not notified by the seller, then a buyer may bring a compensation claim stemming from an incorrect reply. A buyer’s lawyers should also carry out an environmental search. This should reveal if there is any known flood risk. If so, further inquiries will need to be initiated.
My wife and I own a terraced Georgian property in Maida Hill. Conveyancing practitioner acted for me and Halifax. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maida Hill and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who conducted the work.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Maida Hill. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Maida Hill
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
What advice can you give us when it comes to choosing a Maida Hill conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a Maida Hill conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Maida Hill conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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How experienced is the practice with lease extension legislation?
Following years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Maida Hill. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Maida Hill conveyancing firm who can help.
An example of a Lease Extension case for a Maida Hill premises is Flat 1 57 Oxford Gardens in January 2014. the Tribunal decided that the premium to be paidfor a new lease is £61,650.00. This case related to 1 flat. The remaining number of years on the lease was 60 years.