My husband and I are intent on buying a leasehold flat in Gatley. My lawyer has never been on on the bank approved panel. Can I still appoint my Gatley conveyancing solicitor notwithstanding that they are excluded from the mortgage company approved list?
You have a number of alternatives open to you here
- Carry on with your preferred Gatley lawyer but your mortgage company will need to instruct a conveyancing practitioner on their approved list. This will result in additional fees together with potential delay.
- Get a fresh property lawyer to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Appeal to your property lawyer to apply to join the bank panel
My wife and I are acquiring a new build duplex in Gatley and my lawyer is informing me that she has to the lender to reveal incentives from the seller. I am under pressure to sign contracts and I have no desire to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My wife and I own a terraced Edwardian property in Gatley. Conveyancing practitioner acted for me and Coventry Building Society. 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. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be 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 Gatley and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing solicitor who conducted the conveyancing.
The estate agent has sent us the confirmation of our purchase of a new build flat in Gatley. 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Gatley
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants.
I am using a search engine for the phrase cheap conveyancing in Gatley it reveals numerous solicitorslocally. With so much choice what is the best way to find the right property lawyer for my move?
The ideal way of choosing the right conveyancer is through a personal recommendation, so ask friends and relatives who have bought a property in Gatley or a reputable estate agent or mortgage broker. Fees for conveyancing in Gatley vary, so it's a good idea to request at least three fee estimates from different companies. Make sure that you clarify that the costs are assured not to increase.
I see that you have a search directory listing law firms on the lender conveyancing panel. Do Gatley conveyancing companies pay you a referral fee if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Gatley.