Should I get my short lease extended before selling?
Buyers are becoming increasingly wary of buying leaseholds with less than 90 years to run because, first, the cost of increasing a leasehold is becoming far more expensive, and, second, mortgage companies are becoming increasingly reticent to lend money to buy leases that have dropped below the 80-year mark (indeed, this will be one of the criteria that they set to ensure their investment is protected).
As a result, buyers will often insist that the leasehold be extended back up to the 99-year or 125-year typical thresholds before going ahead and buying it. So, as the current leaseholder, you will almost certainly be expected to do the legal work required to extend the lease to a level that buyers will be happy with.
I am looking to be finally moving out of our period residence on the outskirts of Heywood to our new property in Heaton Moor , at what point to book a house removal firm?
Most conveyancers tend to advise that you wait until the point where exchange of contracts as in advance of this it is likely that an actual moving date will not have been set. For more information try Barlows Of Manchester Ltd, Birch Ind Est/Whittle La, Heywood, OL10 2SX Tel: 01706 628811 or All Seasons Removal Services, 55 Marland Hill Rd, Rochdale, OL11 4PQ Call: 07957 579983.
I am buying a converted building in a designated Heywood conservation area, how do I find more information on the state of repair?
English Heritage have produced records on the state of repair of conservation areas along with the trend of the area. Local conservation areas are nominated by the local authority (Rochdale) who govern conservation area concerns from building materials used to ugly parking meters.
Are you set up to act quickly on the conveyancing of auction properties in Heywood?
Yes - The legal team are auction specialists and commonly carry out work for buyers at auction. It is crucial buyers at auction to choose a qualified lawyer as soon as possible to allow sufficient time for a thorough review of the legal documents well before the property auction.
Thereafter, following the day of bidding your lawyer is totally focused on finishing the conveyancing inside the reduced time frame as typically required .
Which parts of Heywood are protected by a conservation area?
There are a range of areas of conservation located near Heywood. Your conveyancing solicitor will offer more information.