It is 10 years ago since I purchased my home in Pendlebury. Conveyancing solicitors have recently been appointed on the sale but I am unable to find the title documents. Is this a problem?
Don’t worry too much. Firstly the deeds may be kept by your lender or they may be in the possession of the lawyers who handled the purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. The vast majority of conveyancing in Pendlebury involves registered property but in the rare situation where your property is not registered it is more problematic but is not insurmountable.
I have been recommended a conveyancing solicitor in Pendlebury. I I am struggling to find out whether they are accepted on the Halifax approved list of lawyers. Could you help?
You should call the lawyer and ask them whether they are on the lender panel. Otherwise you should get in touch with Halifax who may be able to assist.
I am purchasing a house and the lawyer has identified Chancel Repair to which the property could be liable because it falls into the area of such a church. He has mentioned insurance. Is this really required for conveyancing in Pendlebury
Unless a previous acquisition of the property took place after 12 October 2013 you could expect solicitors handling conveyancing in Pendlebury to remain encouraging a chancel search and or insurance against a claim.
We're novice buyers - had an offer accepted, yet the selling agent told us that the owners will only go ahead if we instruct their recommended conveyancers as they need an ‘expedited deal’. We would rather use a high street conveyancer who is familiar with conveyancing in Pendlebury
It is unlikely the vendors are behind this. Should the seller want ‘a quick sale', turning down a serious buyer is is going to put the whole deal at risk. Contact the vendors directly and explain that (a)you are keen to buy (b)you are ready to progress, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you will continue to instruct your preferred Pendlebury conveyancing solicitors - not the ones that will give their estate agent a commission or meet his conveyancing thresholds demanded by corporate headquarters.
I work for a busy estate agent office in Pendlebury where we have witnessed a few flat sales put at risk as a result of short leases. I have received contradictory information from local Pendlebury conveyancing firms. Please can you shed some light as to whether the owner of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Pendlebury Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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Its a good idea to discover as much as you can about the managing agents as they will either make your life much easier or problematic. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to daily matters such as the tidiness of the communal areas. Enquire of other people what they think of them. In conclusion, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically what you get for your money. Generally speaking the cost for major works are not incorporated into the maintenance charges, albeit that there some managing agents in Pendlebury ask tenants to contribute towards a sinking fund created for the specific intention of building a fund for major repairs or maintenance. Are any of leasehold owners in arrears of their service charge payments?
Me and my wife have agreed a price on a Pendlebury property left to us 5 years ago in 2010. I have over a decades worth of conveyancing know-how and, although retired, intend to conduct the legal work. The purchaser's lawyer has informed me that their mortgage company will not allow us to do our own conveyancing insisting the funds to be transferred to a solicitor's bank account.
Lending instructions to property lawyers from all mainstream lenders specify that If the seller does not have legal representation the borrower's lawyers should check whether the mortgage company needs to be told so that a decision can be made as to whether or not they are prepared to progress.