I require quick conveyancing in Bartley Green as I have an ultimatum to complete in less than 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you have the choice not to do searches although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Bartley Green the following are examples of what can be revealed and adversely affect future saleability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Road Schemes,...
four months have gone by following my purchase conveyancing in Bartley Green completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Bartley Green differ for new build properties?
Most buyers of new build or newly converted property in Bartley Green approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Bartley Green tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bartley Green or who has acted in the same development.
Can you provide any top tips for leasehold conveyancing in Bartley Green from the point of view of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Bartley Green can be reduced if you instruct lawyers the minute your agents start marketing the property and request that they start to put together the leasehold information needed by the purchasers’ representatives. If you have carried out any alterations to the premises would they have required Landlord’s consent? In particular have you laid down wooden flooring? Most leases in Bartley Green state that internal structural alterations or laying down wooden flooring require a licence from the Landlord consenting to such changes. Where you fail to have the approvals to hand you should not communicate with the landlord without contacting your conveyancer in the first instance. If you have had any disputes with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a flat where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic rather than unsettled. If you are supposed to have a share in the Management Company, you should make sure that you hold the original share document. Obtaining a new share certificate is often a time consuming process and frustrates many a Bartley Green conveyancing transaction. If a new share is required, do contact the company director and secretary or managing agents (where relevant) for this sooner rather than later. Some Bartley Green leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.
Leasehold Conveyancing in Bartley Green - Examples of Queries Prior to buying
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Be sure to find out if there are any onerous prohibitions in the lease. For example it is reasonably common in Bartley Green leases that pets are not permitted in certain buildings in Bartley Green. If you love the apartmentin Bartley Green however your cat is not allowed to live with you then you will be faced hard decision. In the main the cost for major works tend not to be included within service charges, although some managing agents in Bartley Green obliged tenants to contribute towards a reserve fund and this is used to offset against major works.
How do I find out who is the owner of a property in Bartley Green?
As long as the property is recorded at HMLR, and you have enough information of the location of the property, you should be able to obtain results from the the Land Registry of the recorded owner for a fee.