compare cheap conveyancing quotes for smethwick property
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Conveyancing Quotation - For the sale of your property
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This page is for getting a quotation for the
SALE of
YOUR PROPERTY – if you are looking for a quotation to
PURCHASE SOMEONE ELSE’S PROPERTY then please
CLICK HERE.
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Can a solicitor help in negative equity situations
Most solicitors are also financially adept and can offer useful advice if you find yourself in a bad financial position due to negative equity in your present home.
A solicitor can negotiate on your behalf with the lender to avoid the prospect of repossession which is an undesired outcome for any mortgage company. In certain circumstances it may be possible to achieve a lower settlement amount on your existing property which may result in the proceeds from the sale being able to meet the outstanding mortgage balance.
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.
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smethwick solicitors
Important: Not all of these solicitors provide conveyancing services. We advise that you request instant quotations from our panel using the form at the top of this page.
Jordan Turner
414 Bearwood Road, Smethwick, West Midlands, B66 4EU
Silks Solicitors
368 High Street, Smethwick, West Midlands, B66 3PG
S Dosanjh
Mann & Co, 434 High Street, Smethwick, West Midlands, B66 3PJ
Hearne & Co
120-121 Poplar Road, Smethwick, West Midlands, B66 4AP
Nicholas C Brimble & Co
427 Bearwood Road, Smethwick, West Midlands, B66 4DF
Patwa
25 Abbey Road, Smethwick, West Midlands, B67 5RA
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