Much to our surprise we have been informed by our broker that my Ashton Under Lyne the law firm I have appointed is not on the bank Solicitor panel. How can I be sure whether this is correct?
The sensible course of action for you to take is to call your Ashton Under Lyne conveyancer. You lawyer should inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
Why do I have to pay up front when it comes to conveyancing in Ashton Under Lyne?
Where you are retaining lawyers for conveyancing in Ashton Under Lyne your solicitor will ask you place them with funds to cover the search fees. Normally this is asked for to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this will be asked for shortly before contracts are exchanged. The final balance that is due will be payable a couple of days ahead of the day of completion.
My wife and I have recently appointed a conveyancing solicitor in Ashton Under Lyne. I I am struggling to find out if they are accepted on the Alliance & Leicester approved list of lawyers. Can you assist?
You should phone your conveyancer and enquire whether they can act for the lender. Otherwise you can call Alliance & Leicester who may be able to assist.
I am buying a new build apartment in Ashton Under Lyne. 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 conveyancing.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Ashton Under Lyne
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Please confirm the Lease plans are architect prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I was pointed in your direction by a number of property agents in Ashton Under Lyne to select a property lawyer on your site. What’s the financial inducement for Estate Agents to market your site over alternative conveyancing organisations?
We don’t give any financial incentive for pointing buyers and sellers our way. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Having had my offer accepted I require leasehold conveyancing in Ashton Under Lyne. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Ashton Under Lyne - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a studio flat in Ashton Under Lyne, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Ashton Under Lyne with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease ceases on 21st October 2084
With only 59 years unexpired we estimate the premium for your lease extension to span between £20,900 and £24,200 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.