It is 10 years ago since I purchased my property in Chantry. Conveyancing solicitors have now been appointed on the sale but I can't locate my title deeds. Is this a problem?
Don’t worry too much. Firstly the deeds may be retained by your mortgage company or they may be in the possession of the solicitor who acted in your purchase. Secondly in most cases the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Chantry involves registered property but in the rare situation where your home is not registered it is more problematic but is resolvable.
I am purchasing a new build house in Chantry with the aid of help to buy. The developers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The sale representative told me not disclose to my conveyancer about this side-deal as it will jeopardize my mortgage with HSBC Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the advice of my in-laws I had a survey completed on a house in Chantry before retaining conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some lenders may not grant a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Halifax. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chantry. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be suspicious by estate agents that I am dealing with are suggesting a web based conveyancing firm as opposed to a High Street Chantry conveyancing company?
As with lots of service providers, often suggestions from relatives can be worth their weight in gold. Nevertheless there are many players in a conveyancing transaction; estate agents, mortgage brokers and banks might all recommend conveyancers to choose. Sometimes these conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there exists a financial incentive behind the recommendation. You have the discretion to select your own conveyancer. However, bear in mind that some lenders specify a panel list of conveyancers you are obliged to use for the mortgage aspect of your conveyancing.
We are 3 weeks into a leasehold purchase having been directed to solicitors by the local agent to perform conveyancing in Chantry. We are not happy. Could you you assist me in finding new conveyancers?
They would have to be very bad in order to consider replacing them. Has the mortgage been issued? In the event that it has you must inform them of the new solicitor and get the mortgage documents are re-issued. The conveyancer should be on the banks approved list to avoid supplemental charges and frustration. That should be your starting point. Our find a solicitor tool can assist you in finding a lender approved conveyancer for your conveyancing in Chantry
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £225,000 maisonette in Chantry next week. The management company has quoted £408 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Chantry?
Chantry conveyancing on leasehold apartments more often than not requires the buyer’s solicitor sending enquiries for the landlord to address. Although the landlord is under no legal obligation to address these enquiries the majority will be willing to assist. They are entitled to levy a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some cases it is above £800. The administration charge invoiced by the landlord must be accompanied by a synopsis of rights and obligations in relation to administration charges, without which the invoice is technically not due. In reality you have little choice but to pay whatever is demanded should you wish to sell the property.
Chantry Leasehold Conveyancing - Examples of Queries before buying
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Is anyone aware of any major works in the near future that will add a premium to the service fees? What is the name of the managing agents? You should be aware if it is fewer than 80 years it will impact the salability of the flat. It is worth checking with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will probably require a lease extension at some point and you need to have some idea of how much this will be. For most Chantrylease extensions you will be required to have owned the property for 24 months in order to be eligible to carry out a lease extension.