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Ready to buy a new home in Handforth? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Handforth conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Handforth

A colleague recommended that if I am buying in Handforth I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is occasionally included in the estimate for your Handforth conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Handforth around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Handforth Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Handforth.

I am purchasing a new build house in Handforth benefiting from help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not reveal to my conveyancer about this side-deal as it will jeopardize my mortgage with Barclays . 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.

My husband and I are new on the property ladder - agreed a price, yet the agent has warned us that the vendor will only go ahead if we instruct their chosen solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family conveyancer with experience of conveyancing in Handforth

We suspect that the owner is not behind this requirement. If they desire ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Handforth conveyancing firm - not the ones that will earn the estate agent a introducer fee or meet his conveyancing figures set by HQ.

Can you provide any top tips for leasehold conveyancing in Handforth with the intention of expediting the sale process?

  • Much of the delay in leasehold conveyancing in Handforth can be reduced where you appoint lawyers the minute your agents start advertising the property and request that they start to put together the leasehold information needed by the purchasers’ solicitors.
  • You believe that you know the number of years remaining on your lease but it would be advisable double-check by asking your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to where the lease term is under 80 years. In the circumstances it is important at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Handforth state that internal structural changes or laying down wooden flooring require a licence from the Landlord acquiescing to such changes. Where you fail to have the approvals to hand you should not contact the landlord without contacting your conveyancer first. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The buyers and their solicitors will be warry about purchasing a property where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic rather than ongoing. Many landlords or Management Companies in Handforth charge for supplying management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Handforth.

I own a leasehold flat in Handforth, conveyancing having been completed 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Handforth with a long lease are worth £176,000. The ground rent is £50 yearly. The lease ends on 21st October 2099

You have 80 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

What is the reason for new build conveyancing in Handforth being more expensive?

Acquiring a brand new property is significantly distinct from the normal house purchase conveyancing in Handforth. Firstly sellers ordinarily insist contracts to exchange within a tight deadline, the result being a lot of pressure on your conveyancing practitioner to ensure all is in order. Furthermore new build premises often involve examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage lender requirements are also more detailed. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.

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