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Recently asked questions about conveyancing in Whalley Range

I went with a high street firm for my conveyancing in Whalley Range last week. After carefully reading the Terms I seewe are liable for fees even where the conveyance does not complete. Should I ditch them and instruct a web based solicitor practice who offer no completion no cost conveyancing in Whalley Range?

Generally there is a compromise along the lines that if "No Sale No Fee" is available then the conveyancing charges will tend to be be higher to counteract the cases that fail to complete. Do bear in mind that such deals tend not to cover expenditure for example Whalley Range conveyancing search costs.

Forgive me if this question is silly but I am wet behind the ears as FTB of a ground floor flat in Whalley Range. Do I pick up the keys to the house on completion from my solicitor? If this is the case, I will use a local conveyancing solicitor in Whalley Range?

On the day of completion you do not need to go to the conveyancers office in Whalley Range. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s lawyers, and once they have received this, you should be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.

My wife and I buying a 4 bedroom semi-detached house in Whalley Range. We would like to an extension at the rear at the house.Will legal due diligence on the property involve investigations to ascertain if these works are allowed?

Your conveyancer will check the registered title as conveyancing in Whalley Range will on occasion reveal restrictions in the title deeds which prevent categories of alterations or necessitated the permission of another owner. Certain additions require local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.

Can you help - my lawyer advises that absentee landlord insurance is needed on my purchase. What is the level of cover for Whalley Range conveyancing?

The appropriate level of absentee landlord indemnity insurance depends on who your lender is. It would differ for example between Nationwide Building Society and Skipton Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.

I decided to have a survey done on a house in Whalley Range before retaining lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some lenders tend refuse to grant a loan on a flying freehold premises.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Whalley Range. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Whalley Range to see if the conveyancing costs will increase in light of this.

Can you provide any top tips for leasehold conveyancing in Whalley Range from the perspective of speeding up the sale process?

  • Much of the frustration in leasehold conveyancing in Whalley Range can be avoided if you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation which will be required by the purchasers’ representatives.
  • If you have the benefit of shareholding in the Management Company, you should ensure that you hold the original share document. Arranging a duplicate share certificate can be a lengthy process and slows down many a Whalley Range home move. Where a duplicate share certificate is required, do contact the company officers or managing agents (if relevant) for this as soon as possible. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Most leases in Whalley Range state that internal structural changes or installing wooden flooring calls for a licence issued by the Landlord consenting to such changes. Where you fail to have the consents to hand you should not communicate with the landlord without checking with your solicitor in the first instance. If there is a history of conflict with your freeholder or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to present the dispute as historic rather than unresolved.

Leasehold Conveyancing in Whalley Range - Examples of Queries Prior to Purchasing

    Does the lease have onerous restrictions? What is the yearly service fee and ground rent? This question is important as a) areas may result in problems for the block as the communal areas may start to deteriorate where repairs remain unpaid b) if the leasehold owners have a dispute with the running of the building you will need to know about it

Why can I not complete my conveyancing in Whalley Range on Easter Monday?

This is due to the fact that on completion the money will be transferred electronically between the banks of the purchaser and seller's property lawyer and at present this can only happen on a working day. So you can't complete on a weekend either.

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Find out more about how flying freehold can affect your the value of a property.