Can you explain why leasehold purchase conveyancing in Great Sankey is more expensive?
Great Sankey leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
How do I find out if the solicitor handling my conveyancing in Great Sankey is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Britannia thus spending £192.00 in another set of conveyancing charges.
Feel free to take advantage of the search tool on this web page. Please choose the lender and type ‘Great Sankey’ or your location and you will see a number of lawyer based in Great Sankey or near you.
I'm purchasing my first flat in Great Sankey with a mortgage from Bank of Ireland. The builders would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about the extras as it will impact my mortgage with the lender. Is this normal?.
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 opted to have a survey done on a property in Great Sankey prior to appointing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks will not grant a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you e-mail us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Great Sankey. Conveyancing will be smoother if you use a solicitor in Great Sankey especially if they are accustomed to such properties in Great Sankey.
We're first time buyers - agreed a price, yet the property agent advised that the seller will only go ahead if we use their preferred solicitors as they are insisting on a ‘quick sale’. We would rather use a family solicitor accustomed to conveyancing in Great Sankey
We suspect that the owner is unaware of this requirement. Should the seller require ‘a quick sale', taking such a hostile approach to a serious purchaser is counter productive. Try to communicate with the owners directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you intend to use your preferred Great Sankey conveyancing solicitors - not the ones that will give the estate agent a referral fee or meet his conveyancing targets pre-set by corporate headquarters.