Is it realistic for conveyancing in Cheadle Hulme to be finalised in less than 3 weeks?

In the event that you are under a tight deadline for your conveyancing it is advisable to make sure that your conveyancer is familiar with the location as they will have local connections and insight. It is even conceivable that they may have conducted otherhomes in the same road. You would be best advised to use a Cheadle Hulme conveyancing firm. Second, check that the lawyer is on the on the approved list for your mortgage company. It is claimed that just under twenty per cent of Cheadle Hulme conveyancing deals are held up or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being held up by almost three weeks. It is understood that this issue affects approximately 100,000 home sales every year. Most Cheadle Hulme conveyancing practices can not represent certain banks so do check as early as possible.

We note that you have a post code search directory listing law firms on the Principality conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Cheadle Hulme?

We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Cheadle Hulme.

I am considering applying for a Nottingham mortgage for purchase of a new build (under development) in Cheadle Hulme with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham ?

There is nothing to stop you using your solicitor, but Nottingham will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.

It is not clear whether my bank requires a lease extension. I have telephoned my Cheadle Hulme building society branch on numerous occasions and was told they are content with the situation and they will lend. My Cheadle Hulme conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.

Provided that the property lawyer is on the bank panel, they must comply with the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I have instructed a Cheadle Hulme property lawyer having checked that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?

Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Cheadle Hulme postcode. As you are getting a mortgage with Co-operative, you could contact them to see if they have a list of approved surveyors in Cheadle Hulme.

Leeds Building Society have agreed my home loan in principle, my bid on a property in Cheadle Hulme has been accepted, what happens next?

The property agent will want to know who your solicitors are (make sure the property lawyers are on the lender’s panel). Contact Leeds Building Society or your broker and finalise any appropriate documentation. Leeds Building Society will instruct a valuer who will get in touch with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Leeds Building Society will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Cheadle Hulme.

Expecting to sign contracts shortly on a leasehold property in Cheadle Hulme. Conveyancing solicitors have said that they are sending me a report tomorrow. What should I be looking out for?

Your report on title for your leasehold conveyancing in Cheadle Hulme should include some of the following:

The physical extent of the demise. This will be the property itself but could also incorporate a loft or storage are if relevant. The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Whether your lease caters for for a slush fund for major works? What the implications are if you have contravened the provisions of the lease? Are pets allowed in the flat?

I invested in buying a split level flat in Cheadle Hulme, conveyancing was carried out 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Cheadle Hulme with over 90 years remaining are worth £201,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2089

With only 64 years remaining on your lease the likely cost is going to be between £14,300 and £16,400 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.