Will my conveyancer be raising questions regarding flooding as part of the conveyancing in Chatham.
Flooding is a growing risk for conveyancers dealing with homes in Chatham. Some people will buy a property in Chatham, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to impart advice on flood risk, however there are a various searches that can be initiated by the buyer or on a buyer’s behalf which can give them a better appreciation of the risks in Chatham. The standard completed inquiry forms given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to find out if the property has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the seller, then a buyer could bring a legal claim for losses as a result of such an inaccurate answer. A purchaser’s lawyers may also conduct an environmental report. This will disclose if there is any known flood risk. If so, more detailed inquiries should be made.
I completed on my house on 10 September and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Chatham said it should be recorded in a couple of weeks. Are properties in Chatham particularly slow to register?
There is nothing unique about conveyancing in Chatham registration formalities. As opposed to being determined by geographic area, timescales can adjust according to the party submitting the application, whether there are errors and if the Land registry must send notices to any other parties. Currently roughly three quarters of such applications are completed within 12 days but occasionally there can be protracted delays. Registration occurs after the buyer has moved in to the premises thus 'speed' is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor can contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build flat in Chatham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Chatham
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Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Chatham is where the house is located. What do you suggest?
Flying freeholds in Chatham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chatham you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chatham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I have just started marketing my 2 bed flat in Chatham. Conveyancing lawyers have not yet been instructed, but I have just received a yearly maintenance charge demand – Do I pay up?
It best that you pay the maintenance contribution as you normally would because all ground rent and maintenance payments should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Chatham Conveyancing for Leasehold Flats - Sample of Queries before buying
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The best form of lease arrangement is a share of the freehold. In this arrangement the lessees have being in charge if their destiny and notwithstanding that a managing agent is usually retained where the building is larger than a house conversion, the managing agent is directed by the tenants. What is the the remaining lease term? Are any of leasehold owners in dispute over their service charge payments?
I require the services of a mortgage company panel solicitor in Chatham. Could you help me?
It is not clear why you need a Chatham panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Chatham are on their panel . If you do find such a firm in Chatham not listed please direct them to our site to list. After all the cost is only one £1 a month