My friend's dad is a conveyancer. I am hopeful that I can be offered preferential fee for conveyancing, but if not, what level of figure should I be expecting for conveyancing in Solihull?
It’s prudent to seek 3 or more like-for-like conveyancing estimates. Do use our comparison tool on this site. The fees do vary but the service one can expect are distinct between conveyancers as is the case with most professions.
Our nephew is purchasing a house that has just been built in Solihull with a home loan from Co-operative. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Co-operative conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We note that you have a search directory listing solicitors on the Clydesdale conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Solihull?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Solihull.
Should my conveyancer be making enquiries concerning flooding as part of the conveyancing in Solihull.
Flooding is a growing risk for solicitors carrying out conveyancing in Solihull. There are those who purchase a house in Solihull, completely aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not best placed to give advice on flood risk, however there are a numerous searches that can be initiated by the purchaser or on a buyer’s behalf which should figure out the risks in Solihull. The conventional set of completed inquiry forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the vendor to find out if the premises has suffered from flooding. If flooding has previously occurred and is not disclosed by the owner, then a purchaser could issue a compensation claim resulting from an incorrect reply. The purchaser’s lawyers should also carry out an environmental report. This will higlight whether there is any known flood risk. If so, additional investigations will need to be initiated.
I have been on the look out for a ground for flat up to £245,000 and found one near me in Solihull I like with amenity areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Solihull in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.