My wife and I are soon to exchange on the purchase of a house in Chadwell St Mary but as a consequence of wreckage from the recent storms I have managed to agree compensation from the owner of £3k in the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement but Santander are not allowing this. Should they have been approached?
Your conveyancing practitioner that is on a Santander conveyancing panel is duty bound to advise Santander of any amendments to the sale price. If you were to refuse your conveyancer to disclose the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new solicitor for your conveyancing in Chadwell St Mary.
It is is a decade since I acquired my home in Chadwell St Mary. Conveyancing solicitors have just been appointed on the sale but I am unable to locate my deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a chance that the deeds will be with your lender or they could stored with the conveyancers who oversaw the purchase. Secondly in most cases the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Chadwell St Mary relates to registered property but in the rare situation where your home is unregistered it is more of a problem but is not insurmountable.
My brother-in-law has suggested I instruct a conveyancing solicitor in Chadwell St Mary. I I would like to check whether they are accepted on the Halifax conveyancing panel. Can you assist?
The first thing to do is e-mail the conveyancer and ask them whether they can act for the bank. Otherwise you should call Halifax who may be able to assist.
What can a local search tell me regarding the property my wife and I purchasing in Chadwell St Mary?
Chadwell St Mary conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search plays a central role in many a Chadwell St Mary conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
My husband and I are FTB’s - had an offer accepted, yet the estate agent told us that the vendor will only move forward if we appoint the agent's preferred conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is familiar with conveyancing in Chadwell St Mary
We suspect that the seller is unaware of this ultimatum. Should the seller require ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you are going to appoint your own,trusted Chadwell St Mary conveyancing lawyers - not the ones that will provide the estate agent a kickback or hit his conveyancing thresholds set by corporate headquarters.
I am looking at a couple of flats in Chadwell St Mary both have about fifty years left on the lease term. Will this present a problem?
There are plenty of short leases in Chadwell St Mary. The lease is a right to use the premises for a prescribed time frame. As a lease shortens the value of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this area.
Chadwell St Mary Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing
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Its a good idea to find out as much as possible about the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to practical issues such as the cleanliness of the communal areas. You should not be shy to ask prospective neighbours what they think of them. Finally, be sure you understand the dates that the service fees are due to the appropriate party and specifically how they are spending that money. Does the lease have onerous restrictions?