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Find a Gatley Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Gatley? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Gatley transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Gatley conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Gatley

Completed the sale of my flat in Gatley last November yet the purchaser is telephoning me to moan that his conveyancer needs to hear from mylawyer. What are the post completion sale formalities now that I have sold?

Following your disposal your lawyer is committed to forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been repaid to the buyers conveyancers. There are no post completion formalities peculiar conveyancing in Gatley.

Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Gatley so that I can attend their offices when needed.

As opposed to 15 years ago, almost all lenders no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to hand over identification documents and there are still distinct benefits to instructing a local practitioner, in your situation a conveyancing solicitor in Gatley.

We are 17 days into a residential purchase having been referred to conveyancers by the local agent to do our conveyancing in Gatley. I am am extremely frustrated with the level of service. Can you you assist me in finding new lawyers?

A solicitor would have to be really poor to suggest changing them. Has your loan offer been generated? If so you will need to make them aware of the new contact details and have the offer are re-issued. Your solicitor ideally needs to be on the lenders approved list to avoid supplemental expenses and delays. So that should be your first question of the new solicitors. The search tool should help you find a lender approved lawyer for your conveyancing in Gatley

Do you have any advice for leasehold conveyancing in Gatley with the purpose of saving time on the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Gatley can be bypassed where you appoint lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the purchasers’ conveyancers.
  • You may think that you are aware of the number of years remaining on your lease but you should verify this via your lawyers. A buyer’s conveyancer will not be happy to advise their client to where the lease term is less than 75 years. It is therefore essential at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have the benefit of shareholding in the freehold, you should make sure that you have the original share certificate. Arranging a new share certificate can be a time consuming formality and delays many a Gatley home move. If a new share is necessary, do contact the company director and secretary or managing agents (where applicable) for this sooner rather than later. A minority of Gatley leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. Many freeholders or Management Companies in Gatley charge for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Gatley.

I invested in buying a studio flat in Gatley, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Gatley with over 90 years remaining are worth £227,000. The ground rent is £50 yearly. The lease ends on 21st October 2096

You have 72 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 as well as legals.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.

I am due to assess estimates for conveyancing in Gatley from various conveyancer and choose one. Am I right to instruct them to sit tight until I a suitable apartment to buy.

We would recommend that you only get your lawyer to open a file and order searches after the offer has been agreed to on the property particularly as Gatley conveyancing searches are costly.

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