Can the conveyancing lawyers via your comparison service perform conveyancing in Great Sankey by way of an attended exchange?

We do have a number of conveyancing experts who can conduct attended exchanges. Please call us to obtain a costs illustration and details as to availability.

In what way does my ID and proof of funds have anything to do with my conveyancing in Great Sankey? Why is this being asked of me?

It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Great Sankey. However these days you can not complete any conveyancing process in the absence providing evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are supplying your driving licence as evidence of ID it must be both the paper part and photo card part, one is not sufficient in the absence of the other.

Evidence of your source of monies is necessary in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor must retain this information on record. Your Great Sankey conveyancing solicitor will require evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional questions regarding the source of monies.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Great Sankey?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Great Sankey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I opted to have a survey done on a property in Great Sankey in advance of appointing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to issue a mortgage on a flying freehold house.

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

When it comes to leasehold conveyancing in Great Sankey what are the most frequent lease problems?

There is nothing unique about leasehold conveyancing in Great Sankey. All leases are individual and drafting errors can sometimes mean that certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:

Clauses dealing with recovering service charges for expenditure on the building or common parts. Repairing obligations to or maintain elements of the property

You could encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Coventry Building Society, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the buyer to withdraw.

I purchased a 1 bedroom flat in Great Sankey, conveyancing formalities finalised 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Great Sankey with over 90 years remaining are worth £180,000. The ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2083

You have 58 years unexpired the likely cost is going to range between £22,800 and £26,400 as well as legals.

The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.