I am obtaining a mortgage offer from Lloyds. My intention is to use a Licensed Conveyancer in Oldbury. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?

The Lloyds conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.

Can I use your services to recommend a Conveyancing solicitor in Oldbury even where I’m not purchasing or disposing of a house, for instance where I wish to buy a shop in Oldbury with a mortgage from Leeds Building Society?

The service is predominantly utilised to select residential conveyancing solicitors in Oldbury but we have listed at the bottom of this page a few Oldbury commercial conveyancing firms. You will need to speak with the company directly to see if they can also act for Leeds Building Society

Just had an offer accepted on a new build flat in Oldbury. 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 legal work.

Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Oldbury

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. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

I opted to have a survey carried out on a house in Oldbury prior to instructing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some lenders may not issue a mortgage on this type of home.

It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Oldbury. Conveyancing may be slightly more expensive based on your lender's requirements.

I only have Sixty One years unexpired on my lease in Oldbury. I now wish to extend my lease but my landlord is missing. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to track down the lessor. On the whole an enquiry agent would be helpful to conduct investigations and prepare a report which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s disappearance and the vesting order request to the County Court covering Oldbury.

Leasehold Conveyancing in Oldbury - A selection of Queries before Purchasing

What restrictions are contained in the Oldbury Lease? Many Oldbury leasehold apartments will be liable to pay a service bill for the upkeep of the building levied on behalf of the freeholder. If you buy the flat you will have to pay this liability, normally periodically throughout the year. This can vary from two or three hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met yearly, normally this is not a exorbitant amount, say about £25-£75 but you should to enquire it because occasionally it could be many hundreds of pounds.