My best friend’s mother is a property lawyer. I hope that I'll be able to get mate’s pricing for conveyancing, but if not, what level of fees should I be paying for conveyancing in Moston?
You should compare pricing. Make use of our search tool on this site. You will notice that charges may vary but the service one can expect are distinct between property lawyers as is the case with most professions.
I purchased a freehold house in Moston but still pay rent, why is this and what is this?
It’s unusual for properties in Moston and has limited impact for conveyancing in Moston but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I have been told that property searches are the primary cause of delay in Moston house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Moston.
How does conveyancing in Moston differ for new build properties?
Most buyers of new build premises in Moston approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because developers in Moston usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Moston or who has acted in the same development.
I opted to have a survey completed on a property in Moston ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies will not grant a loan on this type of property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Moston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Moston to see if the conveyancing will be more expensive.