I have given 2 months notice to my existing landlord and have to vacate my rented apartment in Chase Cross by 9/6/2026. Conveyancing on my purchase has just started. How realistic is it to complete in 4 weeks as I wish to avoid having to move into short term accommodation?
It is unwise to serve notice on a rental unless your lawyer suggests that you should. If you have not previously done so, notify to your solicitor and request that they chase the owners solicitors, try to a target completion date that all parties will aim towards
How does conveyancing in Chase Cross differ for newly converted properties?
Most buyers of new build property in Chase Cross approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because new home sellers in Chase Cross tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chase Cross or who has acted in the same development.
I opted to have a survey done on a house in Chase Cross before instructing solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some banks will refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you contact us we can investigate further with 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 Chase Cross. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been advised by three or four local property agents in Chase Cross to select a solicitor on your site. What’s the financial incentive for Estate Agents to market your lawyers over and above alternative conveyancing organisations?
We refuse to give any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Last December I purchased a leasehold house in Chase Cross. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Chase Cross. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to assess the sum to be paid.
An example of a Lease Extension decision for a Chase Cross flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The remaining number of years on the lease was 57.5 years.
I am short of a 10% deposit on my flat purchase in Chase Cross , but I am anxious go ahead. What can I do?
You can accept a smaller deposit. Many property owners will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment