We are due to complete buying a property in Wythenshawe but as a result of damage from the recent storms I have managed to agree compensation from the vendor in the sum of £3k by way of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process yet Bank of Ireland are not allowing this. Should they have been approached?
Your property lawyer that is on the Bank of Ireland conveyancing panel is required to disclose to Bank of Ireland of any variations to the sale price. If you were to refuse your conveyancing practitioner to report the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancing practitioner for your conveyancing in Wythenshawe.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial premises in Wythenshawe?
Many commercial conveyancing solicitors in Wythenshawe will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Wythenshawe. The search result provides definitive information 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 Wythenshawe.
For every commercial conveyancing transaction in Wythenshawe it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Wythenshawe commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Wythenshawe.
It has been four months since my purchase conveyancing in Wythenshawe completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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.
I am looking for a leasehold apartment up to £305k and found one near me in Wythenshawe I like with amenity areas and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Wythenshawe in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term may be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
All being well we will complete our sale of a £275,000 flat in Wythenshawe in just under a week. The landlords agents has quoted £336 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Wythenshawe?
For the majority of leasehold sales in Wythenshawe conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-exchange enquiries
Where consent is required before sale in Wythenshawe
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a garden flat in Wythenshawe, conveyancing formalities finalised February 1999. Can you work out an approximate cost of a lease extension? Corresponding properties in Wythenshawe with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease ceases on 21st October 2083
With just 58 years left to run we estimate the premium for your lease extension to be between £22,800 and £26,400 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
At last I have had an offer on an maisonette in Wythenshawe agreed to, but there is a chain. The owners have offered on somewhere, however it’s not yet tied up, and has viewings of other apartments in the pipeline. I have selected a local conveyancing solicitor in Wythenshawe. What should be my next step? At what stage do I apply for the mortgage with Clydesdale?
It is normal to have apprehensions where there is a chain given your reluctance to incur expenses too early (home loan application is approx £1k, then valuation, Wythenshawe conveyancing search costs, etc). First, you must check that your lawyer is on the Clydesdale conveyancing panel. As to the subsequent steps this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. In a hot market many purchasers would apply for a home loan with Clydesdale and arrange for the valuation and only if it comes back ok would they ask their solicitor to move forward with the conveyancing in Wythenshawe.