I can't travel far from Edge Hill. What is the rationale as to why all Edge Hill conveyancing practitioners are not on all bank panels?
Banks tend to impose restrictions on either the nature or volume of conveyancing firms on their approved list of lawyers. A common example of such restriction(s) being that a practice must have at least two partners. As well as restricting the type of firm, some banks such as HSBC decided to reduce the size of their panel they permit to act for them. You should note that building societies have no responsibility for the accuracy of advice supplied by any Edge Hill conveyancer on their panel. Mortgage fraud was the main trigger for the reduction of solicitor panels from 2008 even though there are contrary opinions concerning whether solicitors sat at the center of that fraud. Statistics via HMLR indicates that thousands of law firms only carry out less than three conveyances annually. Those advocating conveyancing panel cuts question why law firms deserve any entitlement to remain on a lender panel when clearly conveyancing is not their primary expertise?
I have given 2 months notice to my existing landlord and must be out of my let out apartment in Edge Hill by 7/7/2025. Conveyancing on my purchase is underway. Is it possible to complete in six weeks as don't want to have to find short term accommodation?
The normal practice is not to serve notice for your tenancy unless you have exchanged. Assuming that you have not previously done so, update to your lawyer and request that they seek the assistance the owners side, try to get a realistic time scale from them that everyone will look to achieve
It is a dozen years since I bought my home in Edge Hill. Conveyancing solicitors have just been instructed on the sale but I can't find the title documents. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a chance that the deeds will be with the lender or they may be in the possession of the conveyancers who acted in your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Edge Hill involves registered property but in the rare situation where your home is not registered it is more of a problem but is not insurmountable.
About to purchase a new build apartment in Edge Hill. Conveyancing is necessary evil 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.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Edge Hill
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am looking into buying my first house which is in Edge Hill and I am already nervous. I couldn't find anything specific about Edge Hill. Conveyancing will be needed in due course but do you know about the Edge Hill area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Edge Hill. In the meantime here are some basic statistics that we found
I am tempted by the attractive purchase price for a two apartments in Edge Hill both have approximately 50 years unexpired on the leases. should I be concerned?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the saleability of the lease decreases and it becomes more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.
I am the registered owner of a garden flat in Edge Hill, conveyancing formalities finalised 10 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? Equivalent properties in Edge Hill with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ceases on 21st October 2090
With 65 years left to run the likely cost is going to range between £13,300 and £15,400 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.