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Recently asked questions about conveyancing in Alderley Edge

My relative suggested that where I am buying in Alderley Edge I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is occasionally quoted for as part of the standard Alderley Edge conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Alderley Edge around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Alderley Edge.

Due to the advice of my in-laws I had a survey completed on a house in Alderley Edge in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will not issue a mortgage on such a property.

It varies from the lender to lender. Lloyds has different requirements from Halifax. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Alderley Edge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Alderley Edge to see if the conveyancing costs will increase in light of this.

My brother has suggested that I use his lawyers for conveyancing in Alderley Edge. Should I find my own property lawyer?

Much as we are happy to recommend a Alderley Edge conveyancing lawyer it’s preferable to select a conveyancing practitioner is to seek guidance from friends or relatives who have experience in using the solicitor you're contemplating using.

Do you have any top tips for leasehold conveyancing in Alderley Edge with the aim of expediting the sale process?

  • Much of the delay in leasehold conveyancing in Alderley Edge can be reduced if you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the buyers’ lawyers.
  • Some Alderley Edge leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. The 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 purchasers or their solicitors. The majority of freeholders or managing agents in Alderley Edge levy fees for providing management packs for a leasehold premises. You or your lawyers should discover the actual amount of the charges. The management information can be applied for as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Alderley Edge. If you have the benefit of shareholding in the freehold, you should make sure that you hold the original share document. Organising a duplicate share certificate is often a time consuming formality and slows down many a Alderley Edge conveyancing deal. If a new share is needed, do contact the company director and secretary or managing agents (where applicable) for this at the earliest opportunity.

Leasehold Conveyancing in Alderley Edge - A selection of Queries Prior to buying

    What prohibitions are contained in the Alderley Edge Lease? It would be wise to investigate if there are any onerous prohibitions in the lease. By way of example it is fairly common in Alderley Edge leases that pets are not permitted in certain buildings in Alderley Edge. If you like the propertyin Alderley Edge yet your cat can’t make the move with you then you will be presented with a hard decision. On the whole the cost for major works are not incorporated into the service charges, albeit that there some managing agents in Alderley Edge require leasehold owners to contribute towards a sinking fund created for the specific purpose of building a fund for larger repairs or maintenance.

Why is it not possible to complete our conveyancing in Alderley Edge on Good Friday?

This is due to the fact that on completion the sale price needs to be transferred electronically between the banks of the purchaser and seller's lawyer and at present this can only happen on a working day. It is not possible to complete on a saturday or sunday either.

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Find out more about how flying freehold can affect your the value of a property.