I am need of leasehold conveyancing for a flat in a fairly new development (6 years built) in Biddulph. Almost all the properties have already been sold. Is it really necessary to order neighbourhood searches for my conveyancing in Biddulph?
Conveyancing Searches are a central link in the Biddulph conveyancing process. There are numerous companies delivering Biddulph conveyancing searches, as well direct from the local authority. These are known collectively as personal search organisation due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authority.
Why do I have to pay up front for conveyancing in Biddulph?
If you are buying a property in Biddulph your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the sale price then this should be required immediately ahead of exchange of contracts. The closing balance that is needed will be payable a couple of days ahead of the completion date.
I am about to put a bid on a leasehold flat in Biddulph. The property agents say that it is standard for flats in Biddulph to have less than 75 years left on the lease. I am taking out a mortgage with Bank of Ireland. Is this going to be a problem if the lease has 69 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/3/2025 the requirements read as follows :
My bid for a property was accepted at auction in Biddulph. Conveyancing is required. What happens now?
Given that you are now legally bound yourself to purchase you should hire the services of a conveyancing practitioner soon as you now have a pending a fixed date to complete the property. An auction property will have an associated auction pack. This will include most,if not all of the documents that your solicitor will need. In the case of leasehold premises the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You need to pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in order to complete on the on the contractual date .
I am expecting a AIP from Nationwide this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nationwide recommend any Biddulph solicitors on the Nationwide conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Biddulph solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
I was told four weeks ago that my mortgage has been agreed to by Bank of Ireland. Is it usual for Bank of Ireland to only issue the offer once my solicitor in Biddulph is approved on their conveyancing panel? Bank of Ireland have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
five months have gone by since my purchase conveyancing in Biddulph completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Biddulph before instructing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some banks may not issue a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Biddulph. Conveyancing may be slightly more expensive based on your lender's requirements.