We were just about to exchange contracts for a garden flat in Altrincham. We encountered a snag. The loan offer with Chelsea Building Society expires on 30/5/2025 but the vendors are suggesting a completion date of 3/6/2025. Can one prolong the loan expiry date?
The person best placed to deal with your question is your lawyer who is in a position to determine if he or she is corresponding with the mortgage broker, seller’s representatives, estate agents or conceivably all three based on what has gone on in your house move to date.
I am the registered owner of a freehold house in Altrincham but still invoiced for rent, why is this and what is this?
It is rare for properties in Altrincham and has limited impact for conveyancing in Altrincham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am downsizing from our property in Altrincham and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Altrincham lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing practice rather than a conveyancing solicitor in Altrincham. Having lived in Altrincham for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to seek confirmation that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Due to the input of my in-laws I had a survey completed on a house in Altrincham ahead of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some banks will not issue a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Altrincham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Altrincham to see if the conveyancing will be more expensive.
I am looking for a conveyancing solicitor in Altrincham for my home move. Is there any facility to review a solicitor's complaints history with the profession’s regulator?
You may find documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA could recorded call for training requirements.
What are the frequently found problems that you see in leases for Altrincham properties?
There is nothing unique about leasehold conveyancing in Altrincham. All leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are erroneous. The following missing provisions could result in a defective lease:
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A provision for the recovery of money spent for the benefit of another party.
You will encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Chelsea Building Society, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
Altrincham Leasehold Conveyancing - Sample of Queries Prior to buying
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Be sure to discover if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Altrincham. If you like the flatin Altrincham but your dog is not allowed to move with you then you will be faced difficult compromise. The prefered form of lease structure is a share of the freehold. In this arrangement the lessees have being in charge if their destiny and although a managing agent is often retained where the building is larger than a house conversion, the managing agent employed by the leaseholders. How long is the Lease?