IfI was to purchase a straightforward housein Poynton for cash and dispense with a survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Poynton?
Any savings you would gain will be limited to the Poynton conveyancing searches. Your property lawyer still got to do everything else - money laundering, correspond with your sellers conveyancer, SDLT submission, register the title etc. You might save a bit for them not having to register a mortgage but it won't be significant.
It is 10 years ago since I bought my home in Poynton. Conveyancing lawyers have now been instructed on the sale but I am unable to locate the deeds. Is this a major issue?
Don’t worry too much. Firstly the deeds may be kept by the lender or they may be in the possession of the solicitor who handled the purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Poynton relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
Me and my brother own a terraced Georgian property in Poynton. Conveyancing practitioner represented me and Aldermore. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Poynton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who completed the work.
I'm purchasing a new build house in Poynton with a loan from Leeds Building Society. The sellers would not move on the amount so I negotiated £7000 of extras instead. The property agent suggested that I not reveal to my lawyer about this side-deal as it could affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
We're FTB’s - agreed a price, but the agent informed us that the owners will only proceed if we use their preferred conveyancers as they need a ‘quick sale’. We would rather use a high street solicitor with experience of conveyancing in Poynton
We suspect that the seller is not behind this request. Should the vendor want ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to use your own,trusted Poynton conveyancing lawyers - not the ones that will give the estate agent a kickback or meet his conveyancing targets set by head office.
I wish to rent out my leasehold flat in Poynton. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A small minority of properties in Poynton do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review 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 permission.
Leasehold Conveyancing in Poynton - A selection of Questions you should consider before Purchasing
How many of the leaseholders are in arrears for their maintenance charge payments? Who takes charge for maintaining and repairing the building? Is there a share of the freehold?