My wife and I are soon to exchange on the purchase of a property in Oldham but as a consequence of damage from the recent storms I have was able negotiate recompense from the vendor of £3k taking the form of a adjustment in the price. This was going to be addressed as part of a side agreement but Virgin Money are not allowing this. Should they have been involved?
The solicitor that is on a Virgin Money approved list is duty bound to advise Virgin Money of any amendments to the sale price. If you prohibit your lawyer to notify the reduction to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new solicitor for your conveyancing in Oldham.
A relative advised me that in buying a property in Oldham there may be a number of restrictions as to what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Oldham which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Oldham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Oldham conveyancing solicitors on the Leeds Building Society conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Leeds Building Society conveyancing panel they would need to be governed by the SRA. Some mortgage companies do allow licenced conveyancers on their panel and in that case the organisation would be regulated by the Council of Licensed Conveyancers.
I had an offer accepted on a property in Oldham on 31/7/2026, valuation was booked 3 days after, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds 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 Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial estate in Oldham?
Many commercial conveyancing solicitors in Oldham will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Oldham. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Oldham.
For each commercial conveyancing transaction in Oldham it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Oldham commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Oldham.
It has been three months since my purchase conveyancing in Oldham took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £305k and found one near me in Oldham I like with open areas and station in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Oldham in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I have just started marketing my ground floor apartment in Oldham.Conveyancing has not commenced but I have just had a yearly maintenance charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as usual given that all rents and maintenance invoices should be apportionedas part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process