My fiance’s brother is a property lawyer. I expect that I'll be able to get friends and family pricing for conveyancing, However if that does not come materialise, what kind of costs would I typically be looking at for conveyancing in Gatley?
You should compare pricing. Make use of our search tool on this page. Whilst fees will contrast greatly but service levels do differ between solicitors as is true with most professions.
I happen to be the single recipient of my late mum's estate with all property in now in my sole name, including the my former home in Gatley. The Gatley property was put into my name in November. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership may be treated the same way as if I'd bought the property in November. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Some lenders would take a pragmatic view as this obligation is principally there to capture subsales or the quick reselling of properties.
Can I be sure that the Gatley conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Gatley getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your transaction.
My offer was accepted on a property in Gatley on 30/10/2024, valuation was booked five days later, received a clean bill of health. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Are Leeds Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying my first flat in Gatley with a mortgage from Skipton Building Society. The sellers refused to budge the price so I negotiated 6k of extras instead. The sale representative told me not inform my conveyancer about the extras as it would adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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 recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Gatley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Gatley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Gatley you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gatley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Given that I will soon spend £400,000 on a terraced house in Gatley I wish to talk to a lawyer regarding thehouse move prior to giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your property ownership legalities in Gatley.There is no ‘factory style conveyancing’ - each client is an important individual, not a case reference. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Gatley should be the figure that you end up paying.
I have recently realised that I have 72 years unexpired on my lease in Gatley. I now want to get lease extension but my landlord is missing. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you have made all reasonable attempts to locate the landlord. For most situations a specialist should be useful to conduct investigations and to produce an expert document to be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s absence and the application to the County Court overseeing Gatley.
I bought a garden flat in Gatley, conveyancing formalities finalised March 2012. How much will my lease extension cost? Corresponding flats in Gatley with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 per annum. The lease runs out on 21st October 2077
You have 53 years remaining on your lease the likely cost is going to be between £27,600 and £31,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.