Why do I have to pay up front for my conveyancing in Washwood Heath?

If you are buying a property in Washwood Heath your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is asked for to cover the fees of the conveyancing searches. If any deposit is payable against the purchase price then this should be needed immediately in advance of contracts are exchanged. Any further balance that is due should be sent to your lawyer shortly before completion.

We are downsizing from our property in Washwood Heath and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the purchasers used a nationwide conveyancing outfit rather than a conveyancing solicitor in Washwood Heath. We have lived in Washwood Heath for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to obtain confirmation that the buyers are looking for.

It would appear that you have a conveyancing lawyer already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)

How does conveyancing in Washwood Heath differ for newly converted properties?

Most buyers of new build property in Washwood Heath come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because house builders in Washwood Heath tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Washwood Heath or who has acted in the same development.

My business partner and I are hoping to take an assignment of a lease of an office on a shopping parade. Can you recommend conveyancers offering no-move-no fees for commercial conveyancing in Washwood Heath for below 1500k?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Washwood Heath, including the sale and purchase of businesses as well as simply property. If you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. As for the charges this will depend on the structure and nuances of the proposed transaction. Let us have your details or call so as to enable us to provide you with a fixed commercial conveyancing quote.

Last August I purchased a leasehold property in Washwood Heath. Do I have any liability for service charges for periods before completion of my purchase?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Washwood Heath Conveyancing for Leasehold Flats - A selection of Queries before Purchasing

Does the lease have in excess of 85 years remaining? It would be prudent to discover as much as possible about the managing agents as they will either make life much easier or uncomfortable. As the proprietor of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to practical matters like the tidiness of the common parts. Ask other people whether they are happy with them. Finally, be sure you know the dates that the maintenance charges are due to the managing agents and precisely what it includes.