Our family solicitor has given a fee estimate £1350 for freehold conveyancing in Greater Manchester. I’m looking to sell a Edwardian property for £250,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Greater Manchester?
The charges are a little high. If you are prepared to spend time comparing charges you could reduce the fees marginally by say £100 plus VAT. That being said, you mightcome to rue choosing an a cheaper lawyer. Don't forget to check the firm can also act for your bank. Do make use of our comparison tool to find a Greater Manchester conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Greater Manchester.
Is there a reason why leasehold purchase conveyancing in Greater Manchester is more expensive?
Greater Manchester leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Are there restrictive covenants that are commonly picked up during conveyancing in Greater Manchester?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Greater Manchester. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Greater Manchester benefiting from help to buy. The builders refused to move on the price so I negotiated £7000 of additionals instead. The property agent told me not inform my lawyer about the deal as it could impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I opted to have a survey done on a property in Greater Manchester ahead of appointing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some banks tend not grant a loan on this type of house.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Greater Manchester. Conveyancing will be smoother if you use a solicitor in Greater Manchester especially if they are familiar with such properties in Greater Manchester.
Having had my offer accepted I require leasehold conveyancing in Greater Manchester. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Greater Manchester - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Greater Manchester Leasehold Conveyancing - Examples of Queries before buying
-
It is important to be aware if redecorating or some other major work is pending to be shared between the leasehold owners and will materially increase the the maintenance charges or necessitate a one off invoice. Make sure you discover if there are any onerous prohibitions in the lease. By way of example it is fairly common in Greater Manchester leases that pets are not allowed in in a block in Greater Manchester. If you love the apartmentin Greater Manchester however your dog can’t live with you then you will be faced difficult choice. The prefered form of lease arrangement is a share of the freehold. In this scenario the tenants have control and although a managing agent is frequently retained where the building is larger than a house conversion, the managing agent is directed by the tenants.