As a FTB what is the most important piece of guidance you can give me about purchase conveyancing in Chalfont St Giles?
You may not hear this from too many lawyers but conveyancing in Chalfont St Giles and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists lots of opportunity for friction between you and others involved in the transaction. E.g., the seller, selling agent and sometimes the mortgage company. Appointing a solicitor for your conveyancing in Chalfont St Giles is a critical decision as your conveyancer is your adviser, and is the ONLY party in the transaction whose responsibility is to act in your best interests and to keep you safe.
We are witnessing a distinct increase of a "blame" culture- someone must be blamed for the process being so protracted. We recommend that you your first instinct should be to trust your conveyancer ahead of all other parties when it comes to the legal transfer of property.
Are the BSA planning on creating a searchable register to to identify law firms on the Norwich and Peterborough Building Society conveyancing panel for example in Chalfont St Giles?
We are not aware of any intention on the part of the BSA to develop such a register.
Have just purchased a repossessed house at auction in Chalfont St Giles. Conveyancing is necessary. What are my next steps?
Having legally bound yourself to purchase you should hire the services of a conveyancing solicitor quickly as you are faced with a tight deadline in which to complete the deal. All auction property should have a bespoke legal set of papers. This should include most,if not all of the paperwork that your solicitor will need. If you have purchased leasehold premises the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in order to complete the transaction on the set completion date.
I have paid off my mortgage with Coventry BS. I assume I don't need a Chalfont St Giles property lawyer on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Intending to buy a flat in Chalfont St Giles. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chalfont St Giles solicitor is on the Principality conveyancing panel.
We are purchasing a property and the solicitor has raised the issue of Chancel Repair to which the house could be liable as it falls into the area of such a church. He has mentioned insurance. Is this really warranted for conveyancing in Chalfont St Giles
Unless a previous acquisition of the property took place after 12 October 2013 you could expect conveyancing practitioners carrying out conveyancing in Chalfont St Giles to remain encouraging a chancel search and or chancel repair liability policy.
Are there restrictive covenants that are commonly identified as part of conveyancing in Chalfont St Giles?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Chalfont St Giles. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
We own a leasehold flat in Chalfont St Giles. Conveyancing was finalised in 2011. I have been told that I should not allow the the remaining lease term to fall too low. Is this right?
Chalfont St Giles residential long term leases are for a set term - usually 99 years when they started. However a significant appartments in Chalfont St Giles were constructed or converted 20 or more years ago and so these leases now have fewer than eighty years unexpired. This may sound like plenty of time but Banks, Building Societies and other mortgage lenders generally need leases to have a minimum of seventy five years remaining to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching eighty years. To maximise the marketability of your property you should be thinking about whether or not to extend your lease well in advance of selling the property. Furthermore advantages to taking action before the lease hits 80 years as when the lease falls below 80 years the premium to be paid to extend starts to get a lot more expensive.