It is a dozen years since I acquired my property in Newton Heath. Conveyancing solicitors have just been retained on the sale but I am unable to track down the deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be retained by the lender or they could be in the possession of the solicitor who oversaw your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in Newton Heath involves registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
What happens if my solicitor is suspended from the Yorkshire BS Conveyancing panel ahead of completing my conveyancing in Newton Heath?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
About to purchase a new build apartment in Newton Heath. Conveyancing is necessary evil 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 legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Newton Heath
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Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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 property in Newton Heath in advance of appointing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks may refuse to give a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Newton Heath. Conveyancing may be slightly more expensive based on your lender's requirements.
How can the Landlord & Tenant Act 1954 affect my business offices in Newton Heath and how can you help?
The 1954 Act provides security of tenure to commercial lessees, granting the dueness to apply to court for a new tenancy and remain in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Newton Heath