Compare quotes from conveyancing solicitors servicing West bromwich

AgentQuote.co.uk helps you compare West bromwich conveyancing quotes from property solicitors servicing the West bromwich area. We hope you find the service helpful. We search for quotes from West bromwich solicitors and conveyancers servicing the West bromwich area.

What does Leasehold mean?

Leasehold means that somebody else has title to the land and that you will therefore have to pay a ground rent and possibly also a service charge to the freeholder (owner of the freehold title). It is normally possible to buy the freehold title at a later date as a separate purchase transaction.

It therefore follows that the valuation of two identical properties, one being leasehold and the other freehold, would result in a lower value being applied to the leasehold property.

It is important to check the length of time remaining on the lease (Commonly the leases would have been originally issued with a 99 year life span). If not much time is remaining on the lease it may be difficult to obtain a mortgage, unless the freehold can also be purchased subsequently.

What information must I provide?

Depending on whether you are buying or selling a property, the following information may be requested:

Personal Details (Name, Address,)
Proof of identification (Originals which would be copied and returned to you - passport, bith certificate etc)

Mortgage Lender Account Details

Certificates for any work carried out on the house like guarantees, warranties, invoices etc.(NHBC etc)

Planning applications, permissions, building regulation, and similar documentation relating to the property

Utility Bills - Power, Local Authority Rates, Water Charges
 
Proof of address (utility bills as above)