I have been told that property searches are the primary cause of delay in Selly Oak conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Selly Oak.

I am looking for a leasehold apartment up to £235,500 and identified one near me in Selly Oak I like with amenity areas and railway links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Selly Oak suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you need a mortgage the shortness of the lease may be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.

My company is wishing to take over a lease of an office on a shopping parade. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Selly Oak for less than £1,200?

We can recommend firms who have well rounded knowledge of commercial conveyancing in Selly Oak, including the sale and acquisition of businesses as well as simply premises. Whether you are looking to buy or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right lawyer. As for the charges these will vary based on the structure and complexity of the proposed transaction. Let us have your details or email so as to enable us to furnish you with comprehensive commercial conveyancing quote.

In surfing the internet for the words on line conveyancing in Selly Oak it reveals many property lawyerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?

The preferential method of finding the right conveyancer is via personal testimonial, so enquire of colleagues and those you trust who have acquired a property in Selly Oak or a local estate agent or mortgage broker. Costs for conveyancing in Selly Oak differ, so it's a good idea to secure a minimum of four costs illustrations from varying types of property lawyers. Be sure to secure confirmation what costs in the quote includes.

We expect to complete our sale of a £225,000 garden flat in Selly Oak in just under a week. The managing agents has quoted £384 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Selly Oak?

For the majority of leasehold sales in Selly Oak conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Answering pre-exchange enquiries Where consent is required before sale in Selly Oak Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Selly Oak leasehold premises is £350. For Selly Oak conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide the information.

Selly Oak Leasehold Conveyancing - A selection of Queries Prior to buying

Best to be warned if a new roof is being installed or some other significant cost is anticipated that will be shared by the leasehold owners and will materially impact the level of the service costs or necessitate a specific invoice. Can you tell me if there are any major works in the planning that will likely increase the service fees? What is the the remaining lease term?