My IFA has requested my Manchester lawyer’ panel reference for the Nat West conveyancing panel. How do I obtain this. I have e-mailed my local Manchester office but they have not got back to me yet.
You are best placed to get this information from your Manchester property lawyer . They maintain a central record lender panel numbers.
My partner and I are purchasing a newly constructed apartment in Manchester and my lawyer is telling me that she is duty bound to the mortgage company to disclose incentives from the developer. The Estate Agents are hassling me to sign contracts and I don't want to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when buying a residence in Manchester?
Unless a previous acquisition of the property completed post 12 October 2013 you may assume that solicitors delivering conveyancing in Manchester to remain recommending a chancel search and or chancel repair liability insurance.
I'm purchasing my first flat in Manchester with the aid of help to buy. The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not reveal to my solicitor about the deal as it will affect my loan with Accord Mortgages Ltd. Should I keep quiet?.
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 wish to sublet my leasehold flat in Manchester. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Notwithstanding that your last Manchester conveyancing lawyer is not around you can review your lease to see if you are permitted to let out the premises. The accepted inference is that if the deeds are non-specific, subletting is allowed. Quite often there is a prerequisite that you are obliged to seek permission from your landlord or other appropriate person before subletting. This means you not allowed to sublet without prior permission. Such consent must not not be unreasonably withheld. If your lease prohibits you from subletting the property you should ask your landlord if they are willing to waive this restriction.
I own a ground floor flat in Manchester, conveyancing having been completed in 2001. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Manchester with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2092
With just 69 years remaining on your lease we estimate the price of your lease extension to be between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
We today discovered that one of the partners of the solicitors handling the purchase conveyancing in Manchester is is the father of the vendor. Is this permitted?
Provided there is no conflict of interest this is allowable. If you are obtaining mortgage finance then the mortgage company may have a say as many mortgage companies have specific requirements concerning this. For example for Santander as of 25/11/2023, the requirements read as follows :