We are selling our home in Knutsford and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a factory type conveyancing firm as opposed to a conveyancing solicitor in Knutsford. We have lived in Knutsford for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing firm already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I have been on the look out for a flat up to £195,000 and identified one near me in Knutsford I like with open areas and transport links nearby, however it only has 51 remaining years left on the lease. There is not much else in Knutsford for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I'm refinancing my existing house to a BTL mortgage with Lloyds TSB Bank and I will use the ballance of the raised equity towards further property. The location we are interested in is Knutsford. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?
Make use of our search tool on this page to ensure that the lawyers are on the appropriate lender panels. On the basis that they are your conveyancer will be able to connect the two conveyancing matters but you should have a chat with you conveyancer and make apparent your expectations and requirements.
Is it best to use a Knutsford conveyancing practitioner in close proximity to the house I am buying? An old friend can perform the legal formalities but they are based 200kilometers drive away.
The benefit of a high street Knutsford conveyancing practice is that you can drop in to execute documents, deliver your ID and pester them where appropriate. They will also have local knowledge which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were happy that should trump using an unknown Knutsford conveyancing solicitor solely due to them being based in the area.
Estate agents have just been given the go-ahead to market my garden apartment in Knutsford. Conveyancing is yet to be initiated, but I have just had a yearly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would because all ground rent and service invoices will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Knutsford Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
The best form of lease structure is a share of the freehold. In this situation the leaseholders benefit from control and even though a managing agent is frequently employed if it is larger than a house conversion, the managing agent retained by the leaseholders. Where a Knutsford lease has no more than eighty years it will impact the salability of the flat. Check with your mortgage company that they are happy with remaining years on the lease. Leases with fewer than 80 years remaining means that you will probably require a lease extension at some point and you need to have some idea of how much this will be. Remember, in most cases you would need to own the property for 24 months before you are entitled to exercise a lease extension. How many years are left on the lease?