I am buying a property mortgage free in Altrincham. I have been residing for the previous 15 years in Altrincham. Conveyancing searches are expensive. As I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a home loan, then almost all of the Altrincham conveyancing searches are non-obligatory. Your solicitor will ’encourage you, perhaps strongly, that you should have searches done, but he has a professional duty to do this. One thing to consider; if you are likely to sell the house at a future date, it could be of interest to your future purchaser what the searches contain. Sometimes premises with apparent issues can still reveal unexpected search results. A competent conveyancing solicitor in Altrincham should be able to give you some helpful advice in this regard.
What will a local search inform me concerning the property I am purchasing in Altrincham?
Altrincham conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search plays an important role in most Altrincham conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
The deeds to our house can not be found. The solicitors who dealt with the conveyancing in Altrincham 10 years ago have long since closed. Will I be able to sell the house?
These day there are copies made of almost everything, and your lawyer should know precisely where to find all the relevant paperwork so you can purchase or sell your house without a hitch. If copies can’t be found, your lawyer may be able to arrange cover in the form of insurance or indemnities against future claims on the property.
I am purchasing my first flat in Altrincham with the aid of help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not reveal to my solicitor about this extras as it could affect my loan with Platform Home Loans Ltd. 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.
My father-in-law has suggested that I use his conveyancers in Altrincham. Should I find my own solicitor?
Much as we are happy to recommend a Altrincham conveyancing lawyer the ideal way to find a conveyancing practitioner is to get guidance from friends or relatives who have actually used the conveyancer that you are considering.
Last May I purchased a leasehold house in Altrincham. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a ground floor flat in Altrincham, conveyancing formalities finalised February 1995. Can you work out an approximate cost of a lease extension? Corresponding flats in Altrincham with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2076
With just 52 years unexpired the likely cost is going to span between £29,500 and £34,000 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.