I am soon to exchange buying a house in Knutsford but as a result of wreckage from a small fire at the property I have was able negotiate reparation from the current proprietors in the sum of three thousand pounds by way of a deduction in the price. I had intended this to be addressed as part of the conveyancing process but HSBC are not allowing this. Why were they notified?
Any solicitor that is on the HSBC approved list is obliged to advise HSBC of any variations to the purchase price. If you were to refuse your lawyer to notify the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new property lawyer for your conveyancing in Knutsford.
As a FTB what is the most important piece of guidance you can give me regarding purchase conveyancing in Knutsford?
Not many law firms or advisers will tell you this but conveyancing in Knutsford and elsewhere in Cheshire is often a confrontational experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the ownership transfer. E.g., the seller, estate agent and even potentially your mortgage company. Choosing a law firm for your conveyancing in Knutsford should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to act in your best interests and to protect you.
There is a definite increase in the "blame" culture- someone must be at fault for the process taking so long. We recommend that you your first instinct should be to trust your solicitor ahead of all other parties when it comes to the legal transfer of property.
My partner and I are downsizing from our home in Knutsford and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the buyers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Knutsford. We have lived in Knutsford for many years we know that this is a non issue. Should we contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Given that I will soon part with 450k on a garden flat in Knutsford I would like to talk to a solicitor about myhome move prior to appointing the firm. Is this something that you can arrange?
We could not agree more - we would be happy to talk to you we do not take any clients on without you liaising with the lawyer who will be doing your property ownership legalities in Knutsford.There is no ‘factory style conveyancing’ - every client is unique individual, not a case reference. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Knutsford should be the amount on the final invoice that you end up paying.
I today plan to offer on a house that seems to meet my requirements, at a great figure which is making it more attractive. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Knutsford. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Knutsford ?
The majority of houses in Knutsford are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Knutsford so you should seriously consider looking for a Knutsford conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’spermission to conduct changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is part of an estate. Your lawyer will advise you fully on all the issues.
I own a 1st floor flat in Knutsford, conveyancing having been completed 6 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Knutsford with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease finishes on 21st October 2090
With only 64 years remaining on your lease we estimate the premium for your lease extension to span between £14,300 and £16,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
I am seeking to purchase a repossessed flat in Knutsford and the vendor require completion within a month. Can a solicitor meet that timeframe? Am I best advised to instruct a high street Knutsford firm or an online organisation that professes to complete quickly?
Attend your Knutsford high street. Go in to 3 firms and request to talk to a conveyancing solicitor for an estimate. Discuss your situation and get assurances on deadlines. Choose the one that appears most efficient. Make sure to choose a conveyancing practitioner on the list of lawyers who can act for your mortgage company.