Can the conveyancing lawyers listed on your site execute attended exchange conveyancing in Gatley?
There are a few conveyancing experts who can conduct attended exchanges. You should contact us to get a conveyancing quote and details as to dates.
I purchased a 4 bedroom Edwardian house in Gatley. Conveyancing lawyer acted for me and National Westminster Bank. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for 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 locations in 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 position with the conveyancing lawyer who conducted the conveyancing.
About to purchase a new build apartment in Gatley. 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 legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Gatley
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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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
How do I use the search facility to select a conveyancing solicitor in Gatley on the panel for my mortgage?
First pick a bank such as Accord Mortgages Ltd, Bank of Scotland or Clydesdale then specify your preferred area such as Gatley. Conveyancing organisations in Gatley and further afield should be identified.
I am intending to rent out my leasehold apartment in Gatley. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
The lease dictates the relationship between the landlord and you the flat owner; in particular, it will indicate if subletting is banned, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Gatley do not prevent an absolute prevention of subletting – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
Gatley Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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How is the lease structured? Where a Gatley lease has no more than 80 years it will affect the value of the flat. It is worth checking with your mortgage company that they are happy with residual term of the lease. Leases with fewer than 80 years remaining means that you will probably require a lease extension sooner rather than later and it is worth finding out what this will be. Remember, in most cases you will need to own the premises for a couple of years in order to be entitled to extend the lease. What is the name of the managing agents?
How and when do I incur the Stamp Duty Land Tax due for my Gatley flat purchase?
The conveyancer will fill out a stamp duty return for you as part of your Gatley conveyancing transaction for signature. On completion your conveyancing practitioner will submit your STL application to the Inland Revenue and - assuming they have the funds - pay any Stamp Duty due on your behalf.