Conveyancing In West Midlands Q & A's
Are there many mortgage lenders with West Midlands offices?
Most lenders in the West Midlands are on our panels. Local mortgage lenders and brokers include IMA, 13 Waterloo Rd, Wolverhampton, WV1 4DJ, Warndon Mortgage Services, 27 Lilac Rd, Dudley, DY1 4ER, and Goldthorn Mortgage & Insurance Service Ltd, 339A Rookery Rd, Handsworth, Birmingham, B21 9PR.
When should I book a removals firm?
It’s very tempting to get wrapped in the excitement of moving home and wanting to get everything sorted out and in the diary. But, if you book a removals firm too early, prior to the exchange of contracts (when the date and time of completion is legally set), you risk the possibility that the date might change, thereby having to pay a fee to the removals firm to change the plans.
There is nothing stopping you in contacting a selection of firms to get a quote for removal and to negotiate the possibility of pencilling a date in but ensure you obtain agreement that this is subject to change and confirmation.
Is Homeward Legal geared up for act quickly on the legal conveyancing of auction properties in West Midlands?
We specialise in auctions and commonly handle the legal work for auction buyers and sellers. Our auction team solicitors have previously worked for many successful bidders at regional residential property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.
Prepared bidders always select an auction experienced property lawyer as soon as possible to allow time for a title report. in advance of the day of the auction. Following the day of bidding, your solicitor should be prepared for carry out all of the legal work inside a month, a requirement of terms and conditions of sale.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
West Midlands property solicitors order standard property when instructed by a property purchaser - what actual searches?
If you are getting a mortgage the lender insist that at least these searches - Local Authority (personal or official), Drainage and Water Search (CON29DW) and Environmental and perhaps special local West Midlands searches for instance Chancel Repair Liability Search.