Me and my partner are purchasing a house in Chase Side. I might seem paranoid but how we can trust a solicitor? At some point we will need to put our life savings 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.
I'm the only recipient of my late father’s estate with all property in now in my sole name, including the house in Chase Side. The Chase Side property was put into my name in December. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship could be treated the same way as if I'd bought the property in December. Do I have to wait 6 months to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Some lenders would take a sensible view as this obligation chiefly exists to identify subsales or the flipping of property.
Co-operative have agreed my mortgage in principle, my bid on a flat in Chase Side has been agreed to, now what?
Your property agent will wish to be advised as to your solicitor's details (ensure that the property lawyers are on the lender’s approved list). Contact Co-operative or your financial adviser and finish off any relevant forms. Co-operative will appoint a valuer who will get in contact with the selling agent or owners to book a time for the valuation to occur. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. Co-operative will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Chase Side.
I used Wolstenholmes several years past for my conveyancing in Chase Side. Now, I need my files however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Chase Side of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey done on a property in Chase Side in advance of instructing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may refuse to grant a loan on such a premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chase Side. Conveyancing will be smoother if you use a solicitor in Chase Side especially if they regularly deal with such properties in Chase Side.
I am using a search engine for the phrase on line conveyancing in Chase Side it shows results of numerous property lawyersin the area. How do I determine which is the suitable conveyancer for me?
The ideal way of choosing a suitable conveyancer is through a trusted testimonial, so ask colleagues and relatives who have acquired a property in Chase Side or a respected estate agent or financial adviser. Fees for conveyancing in Chase Side differ, so it's advisable to secure at least three quotes from different conveyancers. Make sure that you clarify that the fees are fixed.
We expect to complete our sale of a £350,000 flat in Chase Side next Monday. The management company has quoted £312 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Chase Side?
Chase Side conveyancing on leasehold flats usually necessitates the purchaser’s solicitor sending questions for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be willing to assist. They are entitled to charge a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee levied by the landlord must be sent together with a synopsis of rights and obligations in relation to administration charges, otherwise the invoice is technically not due. Reality however dictates that you have little choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
After years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Chase Side. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to judgment on the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Chase Side property is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case affected 2 flats. The unexpired term as at the valuation date was 70.31 years.