Finally the sale completed on my house in Redditch last September yet the purchaser is e-mailing me to say his solicitor is waiting to hear from mylawyer. What are the post completion sale formalities following completion?
After completion of your sale your solicitor is obliged to send the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor should also evidence that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There are no post completion steps just for conveyancing in Redditch.
A relative advised me that in buying a property in Redditch there may be a number of restrictions preventing external alterations to a property. Is this right?
We are aware of anumerous of properties in Redditch which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Redditch should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The formalities of my remortgage has taken place for my property in Redditch. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Planning on purchasing a flat in Redditch. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Redditch conveyancing practitioner is on the UBS conveyancing panel.
I am buying a new build flat in Redditch. Conveyancing is necessary evil 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 conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Redditch
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan.
I am looking for a ground for flat up to £245,000 and found one near me in Redditch I like with a park and transport links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Redditch in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
We are 14 days into a freehold purchase having been recommend to conveyancers by the high street agent to do our conveyancing in Redditch. I am not happy. Could you you assist me in finding new conveyancers?
A conveyancer would need to be very poor to suggest diss instructing them. Has the mortgage offer been sent? If so you will need to make them aware of the new contact details and have the loan are re-sent. The conveyancer needs to be on the mortgage company panel to avoid escalating expenses and frustration. That should be your starting point. The find a solicitor tool can help you find a bank approved solicitor for your conveyancing in Redditch
I am on look out for some leasehold conveyancing in Redditch. Before diving in I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and most are in Redditch - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a 1 bedroom flat in Redditch, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Redditch with a long lease are worth £165,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2102
With only 77 years unexpired we estimate the premium for your lease extension to range between £7,600 and £8,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.