Having sold my house in Wythenshawe last January but my buyer keeps texting me to moan that his conveyancer is waiting to hear from myconveyancer. What should have happened following completion?

Post completion of your sale your lawyer is duty bound to forward the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There is unlikely to be post completion tasks just for conveyancing in Wythenshawe.

How does conveyancing in Wythenshawe differ for newly converted properties?

Most buyers of new build premises in Wythenshawe approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Wythenshawe usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Wythenshawe or who has acted in the same development.

In what way can the Landlord & Tenant Act 1954 impact my business premises in Wythenshawe and how can you help?

The particular law that you refer to provides security of tenure to business lessees, granting the dueness to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Wythenshawe

I am attracted to a two apartments in Wythenshawe which have in the region of 50 years remaining on the leases. Will this present a problem?

There are no two ways about it. A leasehold flat in Wythenshawe is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. For most purchasers and mortgage companies, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Wythenshawe conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Wythenshawe Leasehold Conveyancing - Examples of Questions you should consider before buying

Please inform me if there are any major works in the near future that could increase the maintenance charges? How is the lease structured?

I have appointed a Wythenshawe conveyancing solicitor for our house purchase (FTB’s) and have picked up in the Ts and Cs that they are not governed by the Financial Conduct Authority. Should I be concerned or is that standard with lawyer?

We can't see why they should be. Most property lawyer don't lend money. They will be governed by the Solicitors Regulation Authority, who set strict rules regulating amounts sitting by them.