Me and my husband are acquiring a flat in Stalybridge. My Conveyancer is not listed on the bank solicitor list. Can I still appoint my Stalybridge conveyancing solicitor even though they are not on the bank panel?
You have a number of alternatives available to you here
- Carry on with your preferred Stalybridge conveyancing practitioner but your mortgage company will no doubt appoint a conveyancing practitioner on their conveyancing panel. This will result in additional charges and probable frustration.
- Get a new property lawyer to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the lender’s conveyancing panel
My god-son is buying a house that has just been built in Stalybridge with a home loan from Bank of Ireland. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My wife and I purchased a renovated Georgian house in Stalybridge. Conveyancing practitioner acted for me and Aldermore. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be 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 Stalybridge and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing lawyer who conducted the purchase.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Stalybridge I like with open areas and railway links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Stalybridge suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
What does commercial conveyancing in Stalybridge cover?
Stalybridge conveyancing for business premises covers a wide array of guidance, provided by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Should I go with a Stalybridge conveyancing lawyer in close proximity to the house I am hoping to buy? We have a good friend who can conduct the legal work however his firm is located over three hundred kilometers drive away.
The primary upside of using a local Stalybridge conveyancing firm is that you can pop in to execute documents, present your identification documents and pester them if necessary. They will also have local insight which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were happy that must surpass using an unknown Stalybridge conveyancing lawyer just because they are round the corner.