I am expecting a offer of a home loan from Lloyds. My intention is to retain the legal services of a Licensed Conveyancer in Ashton Under Lyne. Does the Lloyds Solicitor panel include conveyancers regulated by the CLC?

The Lloyds conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

I am under pressure from the seller of a property in Ashton Under Lyne to exchange within four weeks. What can I do to speed up matters?

In the event that you are under a tight deadline for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will make use of local relationships and knowledge. It is possible that they could have conducted otherhomes in the same street. Therefore consider using a Ashton Under Lyne conveyancing solicitor. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Ashton Under Lyne conveyancing deals are held up or derailed after finding out that a purchaser’s lawyer was not on their banks list of approved solicitors. In many cases this discovery resulted in the home move being delayed by almost 21 days. It is said that this issue impacts approximately one hundred thousand home moves every year. Almost all Ashton Under Lyne conveyancing practices can not act for certain mortgage companies so do check at the outset.

It has been five months since my purchase conveyancing in Ashton Under Lyne took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How do I use the search facility to get a costs illustration from a conveyancing practitioner in Ashton Under Lyne on the approved list for my bank?

First choose a lender such as Accord Mortgages Ltd, Chelsea Building Society or Britannia then specify your preferred area for example Ashton Under Lyne. Conveyancing firms in Ashton Under Lyne and nationally should be identified.

In relation to leasehold conveyancing in Ashton Under Lyne what are the most common lease problems?

Leasehold conveyancing in Ashton Under Lyne is not unique. Most leases are drafted differently and drafting errors can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:

Insurance obligations Repairing obligations to or maintain parts of the property

A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Leeds Building Society, and Platform Home Loans Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the buyer to pull out.

Ashton Under Lyne Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying

Please note if it is less than 80 years it will impact the value of the flat. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you will need to own the residence for a couple of years in order to be eligible to carry out a lease extension. Who are the managing agents? It is important to be aware whether changing the roof or some other significant cost is due in the near future to be shared between the tenants and may well dramatically impact the level of the maintenance charges or necessitate a specific payment.