I am need of leasehold conveyancing for a flat in a fairly new development (seven years old) in Oldham. 95% of the flats have already been sold. Do I need carry out the neighbourhood searches for my conveyancing in Oldham?

Where you are obtaining a mortgage, your mortgage company will require some (many) of the searches so you'll have no choice. If not, then Oldham conveyancing searches are optional. No doubt your conveyancer, will ’encourage’, perhaps in the strongest possible terms, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or you may need to instruct a new lawyer for your conveyancing in Oldham.

Can I use your services to find a Conveyancing solicitor in Oldham even where I’m not purchasing or selling a house, for instance where I wish to acquire a shop in Oldham with a mortgage from Aldermore?

Our search tool is predominantly utilised to help choose residential conveyancing solicitors in Oldham but we have listed at the bottom of this page a selection of Oldham commercial conveyancing firms. You should speak with the company directly to see if they can also act for Aldermore

Various web forums that I have come across warn that are the number one reason for obstruction in Oldham house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Local searches are not likely to be the root cause of holding up conveyancing in Oldham.

I am employed by a long established estate agency in Oldham where we see a few leasehold sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Oldham conveyancing firms. Can you shed some light as to whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Oldham Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

The answer will be helpful as a) areas may result in problems for the building as the common areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have a dispute with the managing agents you will wish to have all the details Can you tell me if there are any major works in the planning that will increase the service fees? The prefered form of lease arrangement is where the freehold reversion is in the ownership of the leaseholders. In this arrangement the leaseholders enjoy control and notwithstanding that a managing agent is frequently retained where it is larger than a house conversion, the managing agent employed by the leaseholders.

We had our home loan agreed in principle yesterday with our bank. We have retained a local conveyancer in Oldham two days ago. Today, our broker phoned to advise us that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the bank had a say Is this allowed?

You are permitted to instruct any lawyer you want to instruct for your conveyancing in Oldham nevertheless if your mortgage company aren't happy with them you would have to incur an extra fee so the bank can retain their own conveyancer too. On occasion it is conceivable that your preferred conveyancing firm to get added to the mortgage company panel. Do make the most of internet tools including lenderpanel.com to find a conveyancing solcitor in Oldham on the bank panel. You can go into your local mortgage company branch in Oldham. They can recommend conveyancing solicitors in Oldham on the panel for your bank.