I'm the single recipient of my late father’s estate and I have everything in my name alone, including the my former home in Bollington. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership will be considered the same way as if I'd bought the house in March. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How sensible a view lenders take of it, depend on the mortgage company as this clause is chiefly there to capture subsales or the flipping of properties.
We have agreed to purchase a house in Bollington. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As your lender is Virgin Money your lawyer must comply with the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease fails to comply with these specifications. The requirements relate to the installation of panels on properties nationwide and is not restricted to Bollington.
I am currently in the process of buying my council flat in Bollington. I have a mortgage offer with Nottingham. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
Just bought a terraced house in Bollington , What is the estimated time for the Land Registry to register the transfer to my name? My Bollington conveyancing solicitor has been very slow, so I want to be sure that my name is recorded.
There is nothing unique when it comes to conveyancing in Bollington registration formalities. Rather than based on location, timeframes can vary depending on the party submitting the application, whether it is in order and if the Land registry need to notify any third persons or bodies. As of today roughly 80% of such applications are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Historically registration is effected after the purchaser has moved in to the property thus 'speed' is not always primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.
Due to the input of my in-laws I had a survey completed on a property in Bollington prior to retaining lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some lenders may not give a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bollington. Conveyancing may be slightly more expensive based on your lender's requirements.
Taking into account that I am about to part with hundreds of thousands of pounds on a terraced house in Bollington I wish to talk to a lawyer concerning thetransaction ahead of instructing the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor due to be conducting your conveyancing in Bollington.There is no ‘factory style conveyancing’ - each client is an important person, not a case number. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Bollington should be the amount on the final invoice that you end up paying.
I have been sourcing a conveyancing solicitor in Bollington for my house move. Is there any facility to see a solicitor's complaints history with the legal regulator?
You can see presented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator may monitor telephone calls for training reasons.
I want to sublet my leasehold apartment in Bollington. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Some leases for properties in Bollington do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Bollington Leasehold Conveyancing - Examples of Questions you should ask before buying
The prefered form of lease arrangement is if the freehold interest is owned by the leaseholders. In this arrangement the leaseholders enjoy being in charge if their destiny and even though a managing agent is usually retained where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Who manages the block? Make sure you enquire if the the lease includes any onerous restrictions in the lease. For example it is very common in Bollington leases that pets are not permitted in in a block in Bollington. If you like the propertyin Bollington but your cat can’t live with you then you will be faced difficult decision.