My wife and I are about to complete on the purchase of a house in Kings Norton but as a consequence of damage from the recent storms I have was able negotiate recompense from the seller in the sum of £2k in the form of a reduction in the price. This was going to be dealt with as part of amending the contract yet Nottingham are not allowing this. Why were they involved?
Any conveyancing practitioner that is on a Nottingham conveyancing panel is duty bound to advise Nottingham of any variations to the sale price. If you were to refuse your lawyer to report the reduction to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new property lawyer for your conveyancing in Kings Norton.
Me and my partner are buying a house in Kings Norton. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We previously appointed conveyancers locally in Kings Norton on the Leeds Building Society solicitor approved list. They have just billed me a further sum for dealing with the Leeds Building Society mortgage. Is this an additional conveyancing fee set by Leeds Building Society?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer is entitled to charge a fee for this. The charge is not set by Leeds Building Society but by your Kings Norton conveyancing practitioner. Numerous firms on the Leeds Building Society panel will levy an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Kings Norton solicitor - who is on the Leeds Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Kings Norton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
About to purchase a new build flat in Kings Norton. Conveyancing is daunting 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 are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Kings Norton
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one near me in Kings Norton I like with amenity areas and station in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Kings Norton suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I am selling my house. My previous solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Kings Norton if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Kings Norton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.