I have given 2 months notice to my current landlord and have to be out of my rented flat in Atherton by 23/7/2025. Conveyancing on my purchase is underway. Is it possible to complete in 5 weeks as don't want to have to find short term accommodation?
It is unwise to serve notice on a rental unless your lawyer suggests that you should. If you have not previously done so, contact to your lawyer and urge them to they cajole the sellers solicitors, try to a target completion date that everyone will look towards
In what way does my ID and proof of funds have anything to do with my conveyancing in Atherton? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you need to sign will no doubt stipulate this. Your lender will also require certain documents to be viewed. If you refuse to supply identification documents, your conveyancer would not be able to act for you.
My husband and I intend to purchase a newly converted apartment in Atherton with a mortgage from Norwich and Peterborough Building Society.We use our Atherton conveyancing practitioner but Norwich and Peterborough Building Society informed us he's not listed on their approved list of member firms. We have to appoint a Norwich and Peterborough Building Society panel lawyer or keep our local solicitor and pay for a Norwich and Peterborough Building Society panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan issued to you contains terms and conditions, one of which will be that conveyancers must be on the Norwich and Peterborough Building Society approved list. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
My wife and I purchased a semi-detached Victorian house in Atherton. Conveyancing lawyer acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Atherton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who conducted the conveyancing.
I'm buying a new build house in Atherton with a loan from Bank of Ireland. The developers would not move on the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not inform my lawyer about the extras as it would impact my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've found a house that appears to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Atherton. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Atherton ?
Most houses in Atherton are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Atherton in which case you should be shopping around for a Atherton conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’sconsent to carry out alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer should appraise you on the various issues.
I purchased a 1 bedroom flat in Atherton, conveyancing was carried out in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Atherton with over 90 years remaining are worth £186,000. The ground rent is £55 levied per year. The lease expires on 21st October 2078
With only 53 years left to run the likely cost is going to be between £27,600 and £31,800 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.