Finally the sale completed on my house in Manchester last April but the buyer keeps whats apping every few hours to say his solicitor is waiting to hear from mylawyer. What should my lawyer have done following completion?
After completion of your disposal your lawyer is obliged to forward the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also confirm that the home loan has been repaid to the buyers conveyancers. There is unlikely to be post completion formalities peculiar conveyancing in Manchester.
How does conveyancing in Manchester differ for newly converted properties?
Most buyers of new build or newly converted property in Manchester come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Manchester tend to purchase the land, 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 conveyancing solicitors 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 Manchester or who has acted in the same development.
I need to find a conveyancing solicitor for some conveyancing in Manchester. I've discover a web site which looks to be the ideal answer If there is a chance to get all formalities completed via phone that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have recently realised that I have Sixty One years remaining on my flat in Manchester. I am keen to get lease extension but my landlord is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to prove that you have done all that could be expected to track down the landlord. In some cases an enquiry agent should be useful to try and locate and to produce a report to be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the application to the County Court overseeing Manchester.
I am the registered owner of a ground floor flat in Manchester, conveyancing formalities finalised in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Manchester with over 90 years remaining are worth £185,000. The ground rent is £65 per annum. The lease finishes on 21st October 2084
You have 60 years left to run the likely cost is going to be between £20,000 and £23,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
My partner and I are buying a studio flat in Manchester. At the time of instructing our conveyancer, they said that they were on all mainstream bank panels. The mortgage broker emailed yesterday to say that they don't seem to be on the Clydesdale approved list. If it turns out to be true, what should we do? Should we simply pick a different solicitor that is on their panel or should we pay for dual representation, with Clydesdale appointing their own approved conveyancing practitioner.
Where you are purchasing a property requiring a mortgage it is conventional for the buyer’s solicitors to also act for the mortgage company. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the lawyer has to meet. Some mortgage companies now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your lawyer should call Clydesdale and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Clydesdale's conveyancing panel and you may continue to use your own Manchester solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.