3 months have elapsed since my purchase conveyancing in Altrincham took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey completed on a house in Altrincham in advance of appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may not issue a loan on this type of home.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Altrincham. Conveyancing will be smoother if you use a solicitor in Altrincham especially if they regularly deal with such properties in Altrincham.
I have been sourcing a conveyancing solicitor in Altrincham for my sale. Can I check a solicitor's complaints history with the profession’s regulator?
One can search for published Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA could recorded telephone calls for training purposes.
What makes a Altrincham lease unacceptable for security purposes?
Leasehold conveyancing in Altrincham is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are missing. The following missing provisions could result in a defective lease:
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Leeds Building Society, and Aldermore all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to pull out.
I inherited a basement flat in Altrincham, conveyancing was carried out in 1996. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Altrincham with an extended lease are worth £175,000. The ground rent is £65 charged once a year. The lease ends on 21st October 2077
With 58 years unexpired we estimate the premium for your lease extension to be between £23,800 and £27,400 plus costs.
The figure 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 this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
I have been informed by numerous estate agents to expect 6-8 weeks for Altrincham conveyancing to complete.This was four weeks ago. The draft contract was only forwarded from the vendors conveyancing practitioner yesterday so now does it countdown?
No official countdown exists for conveyancing in Altrincham, or any location. You just have to ensure that your finances are in order and wait for the rest to come to you eventually.