I have given 8 weeks notice to my existing landlord and have to leave my rented apartment in Atherton by 24/6/2025. Conveyancing on my purchase is progressing. Is it possible to complete in a couple of weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to serve notice for your tenancy until exchange of contracts has taken place. Assuming that you have not already done so, speak to your lawyer and request that they chase the sellers lawyers, try to a target completion date that everyone will aim to achieve
It is 10 years ago since I bought my house in Atherton. Conveyancing solicitors have recently been instructed on the sale but I am unable to track down the title deeds. Will this cause complications?
You need not be too concerned. Firstly there is a possibility that the deeds will be with your lender or they may still be with the conveyancers who acted in your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring up to date copy of the land registers. Almost all conveyancing in Atherton relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
Me and my partner are purchasing a property in Atherton. I might seem paranoid but how we can trust a solicitor? On completion day we will need to deposit our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
It is not clear whether my mortgage offer requires a lease extension. I have called my Atherton building society branch on numerous occasions and was told it does not affect the mortgage offer and they will lend. My Atherton conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend in accordance with their specific requirements. Who do I believe?
Provided that the conveyancing practitioner is on the mortgage company approved list, she or he must comply with the Council of Mortgage Lenders’ Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Our offer on a house in Atherton has been agreed to, the vendors do however have a tied purchase. The vendors have put an offer on a property, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have chosen a nearby conveyancing solicitor in Atherton. What should be my next step? When should I get the mortgage application with Santander started?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of one thousand pounds, then valuation, Atherton conveyancing search charges, etc). The first course of action is to check that your solicitor is on the Santander approved list. As to the subsequent stages this very much dictated by the specifics of your case, attraction to this property and on the state of the market. In a buoyant market many buyers will apply for a home loan with Santander and arrange for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to press on with the conveyancing in Atherton.
What can a local search inform me regarding the house we're purchasing in Atherton?
Atherton conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search plays a central role in most Atherton conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search will reveal information on, amongst other things, details on planning applications relevant to the premises (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 subject areas.
I got the keys to my apartment on 12 February and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Atherton expressed confidence that it should be registered in less than a month. Are transfers in Atherton particularly slow to register?
There is nothing unique when it comes to conveyancing in Atherton registration formalities. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether it is in order and whether the Land registry have to notify any 3rd persons or bodies. As of today in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration occurs once the buyer has moved in to the property thus registration formalities is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
I wish to let out my leasehold apartment in Atherton. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Your lease governs the relationship between the landlord and you the leaseholder; in particular, it will say if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Atherton do not contain subletting altogether – such a provision would undoubtedly devalue the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a copy of the sublease.
I invested in buying a 2 bed flat in Atherton, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Atherton with over 90 years remaining are worth £265,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2101
With only 76 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.