We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to use a local conveyancing solicitor in Cheddleton?

Do check but the the probability is that give you one of their panel lawyers if you want the "fee-free" offer. Contact the mortgage company and explore if they allow a monetary alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Cheddleton.

Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial premises in Cheddleton?

Many commercial conveyancing solicitors in Cheddleton will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Cheddleton. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cheddleton.

For every commercial conveyancing transaction in Cheddleton it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Cheddleton commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Cheddleton.

Just had an offer accepted on a new build flat in Cheddleton. 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 conveyancing.

Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Cheddleton

Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

I decided to have a survey done on a house in Cheddleton prior to retaining conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not issue a mortgage on this type of house.

It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cheddleton. Conveyancing may be slightly more expensive based on your lender's requirements.

I today plan to offer on a house that appears to be perfect, at a great price which is making it more attractive. I have since found out that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Cheddleton. Conveyancing advisers have not yet been instructed. Will they explain the issues?

Most houses in Cheddleton are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Cheddleton so you should seriously consider shopping around for a Cheddleton conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to conduct changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor will appraise you on the various issues.

I inherited a leasehold flat in Cheddleton, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Cheddleton with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ends on 21st October 2087

With 63 years left to run we estimate the premium for your lease extension to span between £16,200 and £18,600 plus costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.