Is there a search tool that I can use to discover of the solicitor carrying out my conveyancing in Sale is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus spending £192.00 in additional conveyancing costs.
Feel free to take advantage of the find a lender approved solicitor tool on this page. Please choose the mortgage company and type ‘Sale’ or your location and you will be presented with numerous solicitors based in Sale or by proximity to you.
My wife and I own a renovated Edwardian property in Sale. Conveyancing solicitor acted for me and Chelsea Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sale and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing practitioner who conducted the purchase.
I'm converting the mortgage on my primary home to a BTL mortgage with Skipton Building Society and intend to use the remaining equity towards a second property. The area we are interested in is Sale. Will your solicitors be able to act for both sets of mortgage companies and tie in the conveyances?
Make use of our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. On the basis that they are your solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and specify your desired outcome and requirements.
I am looking at a couple of flats in Sale both have about forty five years unexpired on the lease term. Do I need to be concerned?
There are plenty of short leases in Sale. The lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the saleability of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this area.
Leasehold Conveyancing in Sale - A selection of Questions you should ask Prior to Purchasing
You should want to discover as much as you can about the company managing the building as they can either make your life much simpler or problematic. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to practical matters like the upkeep of the common parts. Don't be afraid to ask prospective neighbours if they are happy with them. Finally, find out the dates that you are obliged pay the maintenance charge to the relevant party and precisely what you get for your money. This information is helpful as a) areas can result in problems for the building as the common areas may begin to deteriorate where maintenance are not paid for b) if the leasehold owners have an issue with the running of the building you will want to have all the details If a Sale lease has fewer than eighty years it will have adverse implications on the salability of the apartment. Check with your bank that they are happy with the length of the lease. Leases with less than 80 years remaining means that you will almost definitely need a lease extension sooner rather than later and it is worth finding out what this will be. Remember, in most cases you will be be obliged to have been the owner of the residence for a couple of years before you are entitled to exercise a lease extension.
At long last our conveyancing in Sale is completing next Friday, but the people I am purchasing off wants to vacate the next day at midday. Should I accept such a idea?
Where you are having a loan then your property lawyer will require that the property isvacant on Friday - the bank will demand it.