I am expecting a offer of a home loan from Santander. I hope to instruct a Licensed Conveyancer in Stalybridge. Does the Santander Conveyancing panel include Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I own a freehold premises in Stalybridge yet pay rent, why is this and what is this?
It is rare for properties in Stalybridge and has limited impact for conveyancing in Stalybridge 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Do I have to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Stalybridge so that I can pop in to their offices if necessary.
Whereas this was necessary twenty years ago, the vast majority banks no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to supply identification documents and there are still distinct advantages to using a local practitioner, in your case a conveyancing solicitor in Stalybridge.
How does conveyancing in Stalybridge differ for new build properties?
Most buyers of new build residence in Stalybridge contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Stalybridge tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stalybridge or who has acted in the same development.
I am looking into buying my first house which is in Stalybridge and I am already nervous. I couldn't find anything specific about Stalybridge. Conveyancing will be needed in due course but do you know about the Stalybridge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stalybridge. In the meantime here are some basic statistics that we found
I am attracted to a two flats in Stalybridge which have about forty five years unexpired on the lease term. should I be concerned?
A lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this area.
Stalybridge Leasehold Conveyancing - A selection of Questions you should ask before buying
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If a Stalybridge lease has no more than 80 years it will affect the value of the flat. Check with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will most likely need a lease extension at some point and you need to have some idea of how much this will be. For most Stalybridgelease extensions you will be required to have been the owner of the property for 24 months before you are legally able to carry out a lease extension. It would be prudent to find out if there are any onerous prohibitions in the lease. By way of example it is fairly common in Stalybridge leases that pets are not allowed in in a block in Stalybridge. If you like the propertyin Stalybridge however your dog is not allowed to make the move with you then you will be presented with a difficult choice.