Our mortgage company has suggested a law firm on their panel based in Stockport but I would rather instruct a conveyancing lawyer in Stockport or nearer to where I live. Can you assist?
Not all Stockport conveyancing practices are listed all lender’s conveyancing panel. Use our find an approved solicitor tool to locate a Stockport conveyancing solicitor on the on the mortgage company panel.
My father pointed out to me me that in purchasing a property in Stockport there may be a number of restrictions preventing external changes to a property. Is this right?
We are aware of anumerous of properties in Stockport which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Stockport should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am purchasing a property in Stockport. A rare aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with RBS your lawyer must follow the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for RBS. The CML Handbook includes minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to RBS where a lease does not satisfy these provisions. The specifications relate to the installation of panels on properties nationwide and is not restricted to Stockport.
We expect to receive a OIP from Lloyds this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Stockport solicitors on the Lloyds conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Stockport solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
three months have gone by following my purchase conveyancing in Stockport concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 asset 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.
How does conveyancing in Stockport differ for newly converted properties?
Most buyers of new build residence in Stockport come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Stockport usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Stockport or who has acted in the same development.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Stockport I like with amenity areas and station in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Stockport suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Do online conveyancing companies do everything a high street Stockport solicitor does or must I use a solicitor for the final stages for my conveyancing in Stockport?
If you choose an online conveyancer they will undertake all the things your Stockport conveyancer would cover.