We are hoping to buy a 1 bedroom flat in Alderley Edge with a loan from Nottingham Building Society.We use our Alderley Edge conveyancing solicitor but Nottingham Building Society informed us he's not listed on their approved list of firms. It seems we have little choice but to instruct a Nottingham Building Society panel lawyer or keep our high street solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The home loan offered to you is subject to its various provisions, one of which will be that lawyers needs to be on the Nottingham Building Society approved list. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Nottingham Building Society
The deeds to our house are lost. The solicitors who handled the conveyancing in Alderley Edge 5 years ago have long since closed. What are my next steps?
Assuming you have a registered title the details of your proprietorship will be held by the Land Registry under a Title Number. It is possible to perform a search at the Land Registry, find your property and obtain up to date copies of the property title for a small fee. Where the title is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
About to purchase a new build flat in Alderley Edge. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Alderley Edge
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
As co-executor for the will of my grandfather I am disposing of a property in Monmouth but I am based in Alderley Edge. My conveyancer (approximately 200 kilometers from meneeds me to sign a statutory declaration ahead of completion. Can you recommend a conveyancing solicitor in Alderley Edge who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Alderley Edge based
I've recently bought a leasehold flat in Alderley Edge. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part 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).
I inherited a 2 bed flat in Alderley Edge, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Alderley Edge with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 levied per year. The lease finishes on 21st October 2094
With just 69 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
As a tenant I am liable for a service charge for my flat in Alderley Edge. Due to redundancy and personal issues I slipped behind with remittance. The management company agreed a payment schedule but there remains a couple of due in arrears.
I now wish to dispose of the property and I am worried this could threaten to derail the sale if I have to settle the arrears in advance. Do I have to settle before - is this viable?
Do clarify with the conveyancer handling your Alderley Edge conveyancing but one option might be to agree for the outstanding amount to be passed to the buyers. The sale price due would be adjusted to reflect the amount of debt they take on. They would then pay the outstanding monies following completion of the sale.