I'm in the process of changing my current homeowner mortgage to a Buy to Let Birmingham Midshires mortgage. I was told by my mortgage that I require a solicitor as part of the process. I spoke to my previous Motspur Park conveyancing firm who who conducted the conveyancing when I previously purchased the property. The fee calculation provided of £550 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate does seem a little on the high side. If you you were to look around you might get the conveyancing a bit cheaper by perhaps £125. That being said, if you were happy with the conveyancing the firm provided you couldcome to regret choosing an an untested lawyer. Remember to be sure the conveyancer can also act for Birmingham Midshires. Do use our search tool to get a quote a Motspur Park conveyancing firm on the Birmingham Midshires approved list of lawyers, which can often include conveyancing solicitors in Motspur Park.
What does my ID and proof of funds have anything to do with my conveyancing in Motspur Park? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Motspur Park. However these days you will not be able to complete any conveyancing transaction if you have not supplying proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying your driving licence as evidence of identification it needs to be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.
Evidence of your source of money is required in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer will need to have this information on record. Your Motspur Park conveyancing practitioner will require evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further questions concerning the origin of funds.
I used Action Conveyancing a few years ago for my conveyancing in Motspur Park. Now, I need the documents but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Motspur Park of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a property in Motspur Park before instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies may not give a mortgage on such a property.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you e-mail us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Motspur Park. Conveyancing will be smoother if you use a solicitor in Motspur Park especially if they are familiar with such properties in Motspur Park.
I am using a search engine for the phrase conveyancing in Motspur Park it brings up many conveyancersin the area. How do I determine which is the right conveyancer for my move?
The best way of finding a suitable conveyancer is via trusted recommendation, so enquire of colleagues and those you trust who have bought a property in Motspur Park or a respected estate agent or mortgage broker. Fees for conveyancing in Motspur Park vary, so it's a good idea to request a minimum of three fee estimates from varying types of conveyancers. Dont forget to clarify that the costs are assured not to to be inflated.
I am looking at a couple of maisonettes in Motspur Park both have about forty five years left on the leases. Will this present a problem?
A lease is a right to use the premises for a period of time. As a lease gets shorter the value of the lease decreases and it becomes more costly to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this field.
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Motspur Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to calculate the premium.
An example of a Lease Extension decision for a Motspur Park premises is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case affected 1 flat. The unexpired residue of the current lease was 60.43 years.