It is a dozen years since I bought my home in Chipping Campden. Conveyancing solicitors have recently been retained on the sale but I am unable to locate the deeds. Will this cause complications?
Don’t worry too much. Firstly there is a chance that the deeds will be kept by the mortgage company or they may still be with the solicitor who handled the purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Chipping Campden involves registered property but in the unlikely event that your home is unregistered it is more problematic but is resolvable.
I am buying a right to buy a flat in Chipping Campden. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Chipping Campden you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Chipping Campden.
I am buying a new build apartment in Chipping Campden. Conveyancing is daunting 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.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Chipping Campden
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
My husband and I are FTB’s - agreed a price, yet the estate agent has warned us that the seller will only go ahead if we use the agent's chosen lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor accustomed to conveyancing in Chipping Campden
It is highly unlikely the vendors are driving this. If they want ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Bypass the agents and go straight to the sellers and make the point that (a)you are motivated purchasers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your preferred Chipping Campden conveyancing lawyers - not the ones that will provide the negotiator at the agency a introducer fee or hit his conveyancing figures demanded by senior management.
Can you offer any advice when it comes to finding a Chipping Campden conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Chipping Campden conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Chipping Campden conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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How many lease extensions have they completed in Chipping Campden in the last 12 months? How experienced is the practice with lease extension legislation?
I bought a 2 bed flat in Chipping Campden, conveyancing formalities finalised 9 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Chipping Campden with an extended lease are worth £221,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease expires on 21st October 2095
You have 70 years unexpired the likely cost is going to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
Builders have put forward a property lawyer and I've received an estimate from them. They are almost £400 cheaper than my preferred Chipping Campden lawyer. What's the catch?
Developers normally have panels of solicitors who are quick and who know the developer’s contract and conveyancing practitioner. Plenty of developers offer an inducement to choose their approved property lawyer for this reason, any increased charges can be avoided and a developer won't put forward a conveyancing factory and run the risk of having the conveyancing stall when they demand an exchange in 28 days. The argument for not opting for the suggested property lawyer is that they may prove reluctant to 'push' your interests at the risk of upsetting the housebuilder. Where you have concerns that this may be the situation you should remain with your high street Chipping Campden conveyancing practitioner.