I have given 2 months notice to my existing landlord and must vacate my rented flat in Cheetham Hill by the end of next month. Conveyancing for my house purchase has just started. Is it possible to complete in a couple of weeks as don't want to have to find temporary accommodation?
Generally one should not give notice for your letting until exchange of contracts has taken place. If you have not previously done so, speak to your solicitor and request that they seek the assistance the other lawyers, try to get a realistic time scale from them that all parties will aim to achieve
In what way does my ID and proof of funds have anything to do with my conveyancing in Cheetham Hill? Why is this being asked of me?
Cheetham Hill conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no more than three months).
Evidence of the origin of funds is also required under the money laundering laws as lawyers are obliged to check that the monies you are using to acquire a property (be it the exchange deposit or the total purchase amount if you are a cash purchaser) has originated from a reputable source (such as employment savings) rather than the product of criminal activity.
Is it the case that all Cheetham Hill solicitors on the Yorkshire BS conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Yorkshire BS approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel and in such a situation the organisation would be governed by the Council of Licensed Conveyancers.
I am currently in the process of buying my council flat in Cheetham Hill. I have a mortgage offer with HSBC. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
The formalities of my purchase has taken place for my property in Cheetham Hill. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Cheetham Hill I like with a park and transport links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Cheetham Hill in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My husband and I are FTB’s - had an offer accepted, yet the estate agent informed us that the seller will only move forward if we appoint their recommended conveyancers as they are insisting on an ‘expedited deal’. We would rather use a high street conveyancer with experience of conveyancing in Cheetham Hill
It is highly unlikely the vendors are behind this. If they desire ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Bypass the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to go, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Cheetham Hill conveyancing lawyers - as opposed tothe ones that will give their estate agent a introducer fee or hit his conveyancing targets set by HQ.
Do online conveyancing organisations undertake everything a high street Cheetham Hill solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Cheetham Hill?
If you instruct an online conveyancer they will undertake all the things your Cheetham Hill solicitor will cover.