Would the conveyancing solicitors via your comparison service handle attended exchange conveyancing in Edge Hill?

We do have a number of conveyancing specialists who can conduct one day exchanges. Please e-mail us to obtain a costs illustration and details as to dates.

five months have elapsed following my purchase conveyancing in Edge Hill completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 residence 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.

I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Edge Hill is where the house is located. Can you offer any guidance?

Flying freeholds in Edge Hill are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Edge Hill you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edge Hill may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I work for a reputable estate agent office in Edge Hill where we have witnessed a number of flat sales put at risk as a result of short leases. I have received conflicting advice from local Edge Hill conveyancing firms. Can you shed some light as to whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Edge Hill Conveyancing for Leasehold Flats - Sample of Queries before Purchasing

Please note if it is no more than eighty years it will have adverse implications on the marketability of the property. Check with your lender that they are content with residual term of the lease. A short lease means that you will probably need a lease extension sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you would be required to have owned the premises for 24 months in order to be eligible to exercise a lease extension. Its a good idea to discover as much as possible regarding the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to day to day matters such as the tidiness of the communal areas. Ask prospective neighbours what they think of them. On a final note, find out the dates that you are obliged pay the maintenance charge to the relevant party and precisely how they are spending the funds. This question is helpful as a) areas could cause problems for the building as the common areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the running of the building you will wish to know about it

What is the reason for my conveyancer requiring a list of items of ID before they can commence with my conveyancing in Edge Hill?

Edge Hill conveyancers are obliged by the Law Society, Solicitors Regulation Authority, HM Land Registry and current AML legislation to certify that the have verified the identity of their clients. It will also be a condition of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and date of birth.