lenderpanel

Find a Wilmslow Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Wilmslow? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Wilmslow conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Wilmslow conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Wilmslow

My aunt passed away 10 months ago and as sole heir and executor I was left the property in Wilmslow. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this allowed?

Given you plan to refinance then Skipton will require that you use a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.

Just bought a semi-detached house in Wilmslow , how long should it take for the Land Registry to register my title? My Wilmslow conveyancing solicitor works at snail pace, so I want to be sure the registration formalities are dealt with.

As far as conveyancing in Wilmslow is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timescales can differ depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any other parties. As of today approximately 80% of such applications are completed within two weeks but some can be subject to longer delays. Registration takes place once the buyer has moved in to the premises thus an expedited registration is not typically primary concern yet where there is a degree of urgency associated with the registration then you or your lawyers can contact the land registry and explain the circumstances.

I am buying a new build flat in Wilmslow. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Wilmslow

    Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

Can you offer any advice when it comes to choosing a Wilmslow conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a solicitor for your lease extension (regardless if they are a Wilmslow conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Wilmslow conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:

    What are the charges for lease extension work? What volume of lease extensions have they carried out in Wilmslow in the last 12 months?

I acquired a 2 bed flat in Wilmslow, conveyancing formalities finalised 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Wilmslow with a long lease are worth £180,000. The ground rent is £65 charged once a year. The lease ends on 21st October 2076

With 58 years left to run the likely cost is going to be between £22,800 and £26,400 plus legals.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.

I own a leasehold flat in Wilmslow. Conveyancing was finished in 2010. I have been told that I mustn’t let the lease length fall too short. What is the reasoning?

Wilmslow residential long term leases are for a fixed term - often 99 years when they are first granted. However a significant appartments in Wilmslow were built or converted in the 70’s80’s and so such leases now have less than 80 years left to run. That may seem like plenty of time however Banks, Building Societies and other mortgage companies generally require leases to have at least 75 years unexpired to adequate security. This means that when you come to sell the property you will need a lease extension if you are nearing eighty years. To maximise the saleability of your property you should be thinking about whether to extend your lease long before you come to sell it. There are also significant benefits to taking action before the lease reaches even eighty years as when the lease falls below eighty years the premium to be paid to extend starts to increase.

Last updated

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