If you had a top tip for choosing a conveyancing solicitor in Chorlton what would it be?
Do not opt for the cheapest Chorlton conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
I can not work out if my lender requires a lease extension. I have called into my local Chorlton bank branch on a couple of occasions and was told they are content with the situation and they will lend. My Chorlton conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
As long as the conveyancer is on the bank approved list, she or he must comply with the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I recently had an offer agreed on an apartment in Chorlton. My mortgage broker suggested a conveyancing practitioner. I paid an upfront payment of £200. A few days later, the conveyancing practitioner contacted me to say that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need some fast conveyancing in Chorlton as I am faced with pressure to complete within one month. Fortunately I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to have searches conducted although no conveyancer would suggest that you don't. With lots of history conveyancing in Chorlton the following are examples of issues that can arise and adversely affect market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
It has been three months since my purchase conveyancing in Chorlton took place. I have checked the Land Registry website which shows that I paid £200,000 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 premises 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 Chorlton before retaining lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some lenders may refuse to issue a loan on this type of property.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chorlton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chorlton to see if the conveyancing will be more expensive.
We're first time buyers - agreed a price, yet the property agent informed us that the owners will only proceed if we use their chosen conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Chorlton
We suspect that the seller is not behind this request. Should the seller desire ‘a quick sale', taking such a hostile approach to a genuine buyer is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to progress, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you are going to instruct your own,trusted Chorlton conveyancing firm - not the ones that will earn their estate agent a referral fee or meet his conveyancing targets demanded by head office.
Can you offer any advice when it comes to choosing a Chorlton conveyancing practice to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Chorlton conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Chorlton conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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How many lease extensions has the firm carried out in Chorlton in the last 12 months?
Chorlton Leasehold Conveyancing - A selection of Questions you should consider before buying
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Are there any major works in the near future that will increase the service costs? The best form of lease structure is a share of the freehold. In this scenario the leaseholders enjoy control and although a managing agent is usually retained where the building is larger than a house conversion, the managing agent retained by the leaseholders.