Is it the case that all Macclesfield solicitor firms on the Aldermore conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Aldermore conveyancing panel they would need to be regulated by the SRA. Many lenders do list licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
We previously instructed solicitors locally in Macclesfield on the UBS solicitor panel. They are now charging me a further fee for handling the UBS mortgage. Is this an additional conveyancing fee set by UBS?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your conveyancing practitioner can levy a fee for this. This fee is not dictated by UBS but by your Macclesfield conveyancer. Numerous firms on the UBS panel will levy ’dealing with mortgage’ fee and others do not.
We expect to receive a AIP from Santander this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Macclesfield solicitors on the Santander conveyancing panel, or is it better to go independently?
You will need to appoint Macclesfield solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
I'm buying my first flat in Macclesfield with a mortgage from Accord Mortgages Ltd. The sellers would not budge the amount so I negotiated £7000 of additionals instead. The sale representative suggested that I not to tell my solicitor about this side-deal as it will jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Macclesfield I like with amenity areas and railway links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Macclesfield in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I need to find a conveyancing solicitor for sale conveyancing in Macclesfield. I have discover a site which looks to be the perfect solution If there is a chance to get all formalities completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
All being well we will complete our sale of a £375,000 maisonette in Macclesfield next Friday. The landlords agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Macclesfield?
Macclesfield conveyancing on leasehold maisonettes normally results in fees being invoiced by management companies :
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Completing pre-exchange enquiries
Where consent is required before sale in Macclesfield
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I inherited a studio flat in Macclesfield, conveyancing formalities finalised August 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Macclesfield with a long lease are worth £195,000. The ground rent is £45 per annum. The lease runs out on 21st October 2087
With 63 years remaining on your lease we estimate the price of your lease extension to span between £16,200 and £18,600 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
What type of premises does your Macclesfield conveyancing estimates relate to?
Our conveyancing quotes are only appropriate to standard domestic premises in England & Wales. If you have any different requirements such as industrial or agricultural land or commercial conveyancing in Macclesfield you should contact us to address this further .