I am buying a semi-detached house in Perton. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?

Leaving aside the complexities and merits of DIY conveyancing in Perton you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Perton.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Perton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Perton

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. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan.

I decided to have a survey carried out on a house in Perton in advance of appointing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some lenders tend not give a mortgage on this type of home.

It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Perton. Conveyancing may be slightly more expensive based on your lender's requirements.

Am I best advised to use a Perton conveyancing practitioner based in the location that I am hoping to buy? An old friend can execute the legal work however his firm is located 300miles drive away.

The primary upside of using a high street Perton conveyancing practice is that you can attend the office to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and they were happy that must surpass using an unknown Perton conveyancing lawyer just because they are Perton based.

What makes a Perton lease unmortgageable?

There is nothing unique about leasehold conveyancing in Perton. Most leases are individual and drafting errors can result in certain sections are erroneous. The following missing provisions could result in a defective lease:

Maintenance charge proportions which don’t add up to the correct percentage A provision to repair to or maintain elements of the premises

You will have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Virgin Money, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to withdraw.

I invested in buying a 1st floor flat in Perton, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Perton with a long lease are worth £181,000. The ground rent is £55 levied per year. The lease expires on 21st October 2077

With only 51 years unexpired we estimate the premium for your lease extension to be between £30,400 and £35,200 plus costs.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.