We're in Ellesmere Port, First timers purchasing with a mortgage (lender is Santander , and our solicitor is on the Santander conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
It has been four months following my purchase conveyancing in Ellesmere Port completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Ellesmere Port. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Ellesmere Port
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
Is there anything unique about your site and other internet conveyancing solicitors when it comes to conveyancing in Ellesmere Port?
At this site receive a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Ellesmere Port. As opposed to estate agents and brokerage sites we do not have kick-back arrangements with solicitors. Some agents and online brokers 'recommend' solicitors paying the highest kickback, as opposed to the best value conveyancing in Ellesmere Port
Can you provide any advice for leasehold conveyancing in Ellesmere Port from the point of view of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Ellesmere Port can be avoided if you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation needed by the buyers’ solicitors. If you have had conflict with your landlord or managing agents it is essential that these are settled prior to the flat being marketed. The buyers and their solicitors will be warry about purchasing a property where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to reveal the dispute as historic as opposed to unsettled. The majority of landlords or Management Companies in Ellesmere Port levy fees for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Ellesmere Port. A minority of Ellesmere Port leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. If you are supposed to have a share in the freehold, you should ensure that you hold the original share certificate. Obtaining a re-issued share certificate is often a lengthy formality and delays many a Ellesmere Port conveyancing transaction. If a reissued share is required, you should approach the company director and secretary or managing agents (where applicable) for this as soon as possible.
Leasehold Conveyancing in Ellesmere Port - A selection of Questions you should consider Prior to Purchasing
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How much is the yearly maintenance fee and ground rent? Its a good idea to find out as much as possible about the company managing the block as they can either make life much easier or uncomfortable. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to daily matters such as the cleanliness of the communal areas. Enquire of prospective neighbours whether they are happy with their service. On a final note, be sure you know the dates that you are obliged pay the maintenance charge to the managing agents and precisely what it includes. How many years remain on the lease?
I acquired a flat in Ellesmere Port last 31/5/2024 and to date it is still not recorded with the Land Registry. It is part of a development site and my conveyancing practitioner told me that it may take 12 months to register. I have spoken with the Land Registry directly and they say that the initial application was cancelled due to questions not being addressed in time. Should I be concerned?
It is your lawyer that you must contact in order to satisfy any concerns which have arisen as part of the registration formalities for your Ellesmere Port property. Normal Ellesmere Port conveyancing practice includes an undertaking on the part of the seller's solicitor that they will help resolve any requirements raised by HMLR so it may be a case of taking action to enforce that undertaking if necessary.