IfI was to purchase a straightforward homein Prestbury for cash and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Prestbury?
Any savings you would achieve will be isolated to the costs for searches. A property lawyer is required to do the vast majority of work - money laundering, correspond with the sellers solicitor, stamp duty submission, register the ownership etc. You might save a bit for them not having to register a mortgage however it won't be meaningful.
I am the registered owner of a freehold house in Prestbury yet charged rent, why is this and what is this?
It is rare for properties in Prestbury and has limited impact for conveyancing in Prestbury but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My bid for a property was accepted at auction in Prestbury. Conveyancing is necessary. What are my next steps?
Now that you are exchanged you should hire the services of a conveyancing solicitor quickly as you are facing a tight a fixed date to complete the property. All auction property will ordinarily have an associated auction pack. This will include most,if not all of the documents that your solicitor will need. Where you are dealing with leasehold property the auction papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You need to hand this to the solicitor instructed by you ASAP. You also need to ensure that you have funds organised to complete on the on the contractual date .
This question may be naive but I am wet behind the ears as a first time purchaser of a garden flat in Prestbury. Do I receive the keys to the house on the completion date from my conveyancer? If this is the case, I will use a local conveyancing solicitor in Prestbury?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the owner’s conveyancers, and once they have received this, you will be called to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
Can I be sure that the Prestbury conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Prestbury obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer carrying out your conveyancing.
I purchased my flat on 9 May and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Prestbury advises it should be registered in less than a month. Are properties in Prestbury particularly slow to register?
As far as conveyancing in Prestbury registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether there are errors and if the Land registry communicate with any third parties. At present in the region of three quarters of submission are fully dealt with in less than three weeks but occasionally there can be longer delays. Registration takes place after the buyer has moved in to the premises therefore post completion formalities is not always primary concern but if there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Prestbury I like with amenity areas and railway links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Prestbury for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I am using a search engine for the term conveyancing in Prestbury it brings up numerous solicitorslocally. How do I determine which is the suitable conveyancing solicitor for me?
The best way of finding the right conveyancer is through a trusted referral, so enquire of colleagues and relatives who have bought a property in Prestbury or the reputable estate agent or mortgage broker. Costs for conveyancing in Prestbury differ, so it's a good idea to request at least three quotes from varying types of conveyancers. Make sure that you know that the fees are fixed.