At what point will exchange of contracts take place for domestic conveyancing in Gatley and do I need to be at the lawyers office?
Where you are near to one of the conveyancing solicitors in Gatley you are welcome to attend to sign the paperwork. That being said, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when dealing with you digitally. The executing of the contract is not the critical part. A signed contract is necessary for the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Gatley)to be in the office at the appropriate time.
My uncle passed away six months ago and as sole heir and executor I was left the house in Gatley. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this allowed?
Where you plan to refinance then Skipton will insist on your using a conveyancer on the Skipton 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 Skipton 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 Skipton mortgage is registered as a charge at the Land Registry.
I am purchasing a new build house in Gatley with a loan from Leeds Building Society. The developers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my solicitor about this extras as it may jeopardize my loan with the bank. Should I keep quiet?.
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.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Gatley I like with a park and station in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Gatley suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I need to find a conveyancing solicitor for leasehold conveyancing in Gatley. I have discover a web site which appears to be the perfect solution If there is a chance to get all the legals completed via email that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?