Me and my partner are due to complete on the purchase of a property in Altrincham but as a consequence of wreckage from a small fire at the property I have managed to agree reparation from the seller of £2k in the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process however Nottingham are not allowing this. Why were they involved?
Your conveyancer being on a Nottingham approved list is duty bound to advise Nottingham of any variations to the sale price. If you prohibit your conveyancer to disclose the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new solicitor for your conveyancing in Altrincham.
I have recentlybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Altrincham for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Altrincham conveyancing specialists.
My step-father has recommend that I use his lawyers for conveyancing in Altrincham. Should I use them?
Much as we are happy to recommend a Altrincham conveyancing lawyer the best way to find a conveyancing practitioner is to have referrals from friends or family who have actually used the solicitor you're contemplating using.
I am employed by a reputable estate agent office in Altrincham where we see a few flat sales jeopardised due to leases having less than 80 years remaining. I have received conflicting advice from local Altrincham conveyancing firms. Please can you shed some light as to whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a leasehold flat in Altrincham, conveyancing having been completed in 2008. Can you work out an approximate cost of a lease extension? Corresponding flats in Altrincham with a long lease are worth £227,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2095
You have 72 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
Why is New Build conveyancing in Altrincham more expensive?
Conveyancing in Altrincham for recently converted or new build homes usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental investigations and contractual considerations.