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Recently asked questions about conveyancing in Disley

Completed the sale of my flat in Disley last August but our buyer keeps calling every few hours to moan that her lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?

After completion of your house sale your solicitor is obliged to send the transfer deeds and all of the paperwork to the purchaser's lawyers. Where relevant, your solicitor should also confirm that the legal charge in favour of the lender has been discharged to the buyers solicitors. There are no post completion formalities specific conveyancing in Disley.

I have todaydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Disley for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?

The easiest way to see if the property is in your name, you can make 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 Disley conveyancing specialists.

About to purchase a new build flat in Disley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Disley

    Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

My business partner and I are looking to take an assignment of a lease of an office on the high street. Can you recommend solicitors offering no-move-no costs for non-domestic conveyancing in Disley for under 2k?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Disley, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. As for the costs this will depend on the structure and terms of the deal. Let us have your contact information or telephone us so that we may provide you with a fixed commercial conveyancing calculation.

I am attracted to a couple of apartments in Disley both have about 50 years remaining on the leases. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Disley is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. For most purchasers and lenders, leases with less than 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Disley conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I am the registered owner of a 1 bedroom flat in Disley, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Disley with a long lease are worth £265,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2099

You have 76 years left to run the likely cost is going to be between £8,600 and £9,800 plus costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.

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