Souldusing a Maghull conveyancing practice make the ownership transfer smoother?

Maghull is a special area, where neighbourhood experience is a big bonus. The relaxed pace of life has an upside – but not for your conveyancing. The conveyancers that we work with providing wide Maghull intelligence with a positive, hands-onapproach that ensures the conveyancing to progress hassle free. It will certainly help if they can make use of long term rapport with financial advisers, local authorities, valuers and counterpart Maghull conveyancing practitioners

We see that you have a post code search directory identifying firms on the HSBC conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Maghull?

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

I have been on the look out for a flat up to £245,000 and found one close by in Maghull I like with a park and station in the vicinity, however it's only got 52 years on the lease. There is not much else in Maghull for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you need a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.

I was pointed in your direction by numerous selling agents in Maghull to select a solicitor using your seach tool. What’s the financial upside for Estate Agents to market your lawyers over alternative conveyancing organisations?

We refuse to give any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.

I am attracted to a couple of apartments in Maghull which have in the region of fifty years left on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Maghull. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the marketability of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena.

Leasehold Conveyancing in Maghull - Sample of Queries before Purchasing

The best form of lease structure is where the freehold interest is owned by the leaseholders. In this arrangement the leaseholders benefit from being in charge if their destiny and although a managing agent is often retained if the building is bigger than a house conversion, the managing agent is directed by the tenants. Who takes charge for maintaining and repairing the building?