We are purchasing a apartment in Ashton under Lyne. I might seem paranoid but how we can trust a conveyancer? At some point we will need to put money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am unseasoned as FTB of a two bedroom flat in Ashton under Lyne. Do I receive the keys to the premises on completion from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Ashton under Lyne?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the vendor’s lawyers, and once they have received this, you should be called to receive the keys from the selling Agents and move into your new home. Usually this occurs between 1 and 3pm.
I am due to move home in March. Will my conveyancing solicitor update the removal company on the completion day. On a separate note, can you suggest a removal company in Ashton under Lyne. Conveyancing firm was chosen prior to coming across your page.
On the afternoon of completion you can pick up the keys from your property agent but this should only take place after the sellers solicitors inform the agent that the monies to complete are in and the keys can be released. After that you should inform the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you locate a conveyancing in Ashton under Lyne or a legal practice that specialises in conveyancing in Ashton under Lyne.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Ashton under Lyne. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Ashton under Lyne
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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? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Ashton under Lyne I like with a park and transport links in the vicinity, however it only has 51 years on the lease. There is not much else in Ashton under Lyne suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I have been recommended by a few selling agents in Ashton under Lyne to find a property lawyer on your site. What’s the financial upside for Estate Agents to recommend your site over alternative conveyancing organisations?
We refuse to give any referral fee for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
I am thinking of appointing a conveyancing practitioner in Ashton under Lyne for my sale. Is it possible to review a firm’s record with the profession’s regulator?
One may search for documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.
What advice can you give us when it comes to appointing a Ashton under Lyne conveyancing practice to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Ashton under Lyne conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Ashton under Lyne conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
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What volume of lease extensions have they conducted in Ashton under Lyne in the last 12 months? How familiar is the practice with lease extension legislation?
Leasehold Conveyancing in Ashton under Lyne - A selection of Queries before buying
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How many of the leaseholders are in arrears for their maintenance charge payments? Most Ashton under Lyne leasehold flats will incur a service charge for the upkeep of the block invoiced by the freeholder. Where you purchase the apartment you will have to pay this liability, normally in instalments accross the year. This could vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a ground rent to be met annual, this is usually not a large amount, say about £25-£75 but you should to check it because on occasion it can be many hundreds of pounds. Are there any major works on the horizon that will likely increase the maintenance charges?