It is 10 years ago since I acquired my house in Reddish. Conveyancing lawyers have now been retained on the sale but I am unable to find the title documents. Will this cause complications?
You need not be too concerned. First the deeds may be kept by the mortgage company or they could be archived with the lawyers who handled the purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Reddish relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
I am helping my niece sell her flat in Reddish. Does the solicitor commission an EPC or should I organise this?
Following the abolition of Home Packs, energy assessments was maintained a mandatory element of moving house. An energy performance certificate must be to hand prior to the property being advertised. It is not a task that lawyers normally arrange. Where you are using a Reddish conveyancing lawyer they may help arrange energy performance certificates due to their relationships with reputable Reddish assessors
My father pointed out to me me that in purchasing a property in Reddish there may be various restrictions as to what one can do in terms of external alterations to a property. Is this right?
There are a number of properties in Reddish which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Reddish should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Reddish solicitor firms on the Virgin Money conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do permit licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
I have a semi-detached Victorian house in Reddish. Conveyancing practitioner represented me and Alliance & Leicester . I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Reddish and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing practitioner who conducted the conveyancing.
I'm buying my first flat in Reddish with the aid of help to buy. The sellers refused to move on the amount so I negotiated 6k of extras instead. The estate agent told me not inform my solicitor about the side-deal as it may affect my loan with the bank. 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 opted to have a survey carried out on a house in Reddish ahead of retaining solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks may refuse to give a loan on such a home.
It varies from the lender to lender. HSBC has different instructions from Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Reddish. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Reddish to see if the conveyancing will be more expensive.
What advice can you give us when it comes to finding a Reddish conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Reddish conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Reddish conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
How familiar is the firm with lease extension legislation?
Reddish Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
Please inform me if there are any major works anticipated that will likely add a premium to the service fees? What is the service charge and ground rent on the property? It is important to be aware whether fixing the lift or some other significant cost is anticipated to be shared between the tenants and will materially increase the the service costs or result in a specific invoice.