Having sold my house in Chathill last February yet the purchaser is texting daily to say her conveyancer is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your sale your lawyer is obliged to forward the transfer documentation and all of the paperwork to the buyer’s solicitors. Where appropriate, your conveyancer should also evidence that the mortgage has been redeemed to the purchasers solicitors. There are no post completion tasks specific conveyancing in Chathill.
We just had an offer accepted to purchase with Coventry BS. I went into a few high street solicitors yet cant to find a Chathill conveyancing firm on the Coventry BS approved list. Please you help?
Feel free to take advantage of the search tool on this web page. Pick the lender and type Chathill or your preferred area and you will see numerous solicitors offices in Chathill or nearest you.
I am purchasing a new build house in Chathill benefiting from help to buy. The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not reveal to my conveyancer about the side-deal as it may impact my mortgage with Chelsea Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML 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.
I opted to have a survey done on a property in Chathill prior to appointing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders tend not give a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chathill. Conveyancing will be smoother if you use a solicitor in Chathill especially if they regularly deal with such properties in Chathill.
My husband and I are 14 days into a leasehold purchase having been recommend to conveyancers by the estate agent to carry out the conveyancing in Chathill. We are not happy. Can you help me find new solicitors?
A conveyancer would have to be really bad to suggest changing them. Has your mortgage been generated? In the event that it has you must inform them of the replacement solicitor and get the loan are issued to the new lawyers. The solicitor ideally should be on the lenders panel to avoid escalating costs and complications. So that should be your starting point. The search tool will assist you in finding a lender approved lawyer for your home move in Chathill
Last August I purchased a leasehold property in Chathill. Do I have any liability for service charges for periods before my ownership?
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. A critical element of leasehold conveyancing for your conveyancer to be sure 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).
I am the registered owner of a garden flat in Chathill, conveyancing formalities finalised 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Chathill with a long lease are worth £197,000. The ground rent is £55 yearly. The lease expires on 21st October 2081
With only 56 years unexpired the likely cost is going to span between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.