Is there a search tool that I can utilise to discover of the solicitor carrying out my conveyancing in Liverpool is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus spending £187.00 plus VAT in additional legal invoice.
Please do make use of the find a lender approved solicitor tool on this web page. Please choose the mortgage company and type ‘Liverpool’ or your location and you will see a number of lawyer based in Liverpool or by proximity to you.
About to purchase a new build flat in Liverpool. 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 can expect your new-build leasehold conveyancing in Liverpool
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Liverpool I like with open areas and station in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Liverpool suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
Is it possible to change conveyancer as I have to appoint one who is on the HSBC Bank conveyancing panel. I hired a family conveyancing solicitor in Liverpool round the corner but she is not approved by HSBC Bank
It would be our pleasure to assist you find a conveyancing solicitor in Liverpool on the HSBC Bank panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Liverpool. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Liverpool.
We're first time buyers - had an offer accepted, yet the agent has warned us that the seller will only move forward if we use their recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family conveyancer with experience of conveyancing in Liverpool
We suspect that the seller is not behind this ultimatum. Should the vendor want ‘a quick sale', taking such a hostile approach to a motivated buyer is going to damage their objectives. Speak to the vendors direct and make sure they understand (a)you are genuine purchasers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you will continue to use your preferred Liverpool conveyancing lawyers - rather thanthe ones that will provide their estate agent a introducer fee or meet his conveyancing figures set by corporate headquarters.
Can you provide any advice for leasehold conveyancing in Liverpool from the point of view of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Liverpool can be avoided if you get in touch lawyers as soon as you market your property and ask them to put together the leasehold information needed by the buyers’ representatives. Some Liverpool leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. If there is a history of any disputes with your landlord or managing agents it is very important that these are settled before the property is marketed. The buyers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to present the dispute as over as opposed to unsettled. The majority of landlords or Management Companies in Liverpool levy fees for providing management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management information sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Liverpool.
Liverpool Leasehold Conveyancing - Sample of Queries before buying
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How long is the Lease? This question is helpful as a) areas could cause problems in the block as the common areas may begin to deteriorate if maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will wish to have all the details How many of the leaseholders are in arrears for their maintenance charge payments?