Is there a reason why leasehold purchase conveyancing in Atherton costs more?
In short, leasehold conveyancing in Atherton and Greater Manchester usually involve extra due diligence compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord concerning the service of required notices, securing up-to-date service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.
My grandfather passed away last year and as sole heir and executor I was left the house in Atherton. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this allowed?
Given you plan to refinance then RBS will insist on your using a conveyancer on the RBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your RBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the RBS mortgage is registered as a charge at the Land Registry.
I am purchasing a new build house in Atherton with a loan from TSB. The builders would not move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my solicitor about this side-deal as it would adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am 18 days into a residential purchase having been recommend to solicitors by the high street agent to do our conveyancing in Atherton. I am am extremely disappointed with the quality of service. Could you help me find new lawyers?
They would have to be very poor to suggest changing them. Has the mortgage offer been generated? If so you must inform them of the new contact details and ensure the offer are re-issued. Your conveyancer should be on the mortgage company panel to avoid supplemental expenses and frustration. That should be your starting point. The find a solicitor tool will help you find a lender approved conveyancer for your home move in Atherton
Why do I have to supply my conveyancing practitioner with numerous items of identification before they can proceed with selling or purchasing a property in Atherton?
Atherton solicitors are required by the Law Society, SRA, HM Land Registry and current Money Laundering Regulations to record that the have verified the identity of their clients. It will also be a requirement of your mortgage offer. In addition they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, NI number and date of birth.