Recently been in touch with my conveyancing solicitor in Chatteris who acted for me 18 months ago requesting a conveyancing estimate based on an identical type of home move (a leasehold premises and a freehold property) of almost identical values with a mortgage from Nationwide Building Society. I am now being charged twice the amount. Better the devil I know or should I seek out a cheaper online property lawyer?
The charges are a tad high. If you shop around you could get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, providing that you were pleased with the service the firm provided you couldcome to regret opting for an an untested lawyer. Don't forget to be sure that the firm can also act for Nationwide Building Society. Do employ our search tool to find a Chatteris conveyancing firm on the Nationwide Building Society member panel, which can often include conveyancing solicitors in Chatteris.
What happens if my lawyer’s firm is expelled from the Nationwide Conveyancing panel ahead of completing my conveyancing in Chatteris?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Various internet forums that I have come across warn that are the primary reason for obstruction in Chatteris house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Chatteris.
The deeds to our property can not be found. The solicitors who dealt with the conveyancing in Chatteris 4 years ago have long since closed. What are my options?
These day there are duplicates made of almost everything, and your solicitor should know exactly where to locate all the relevant documentation so you may purchase or dispose of your house without a hitch. If copies can’t be located, your conveyancer can put in place insurance or indemnities against possible claims on the property.
I am downsizing from my house. My past solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Chatteris if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Chatteris. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I own a leasehold flat in Chatteris. Conveyancing was finished in 2011. I have been told that I should not allow the the remaining lease term to get too low. Why is that a problem?
Chatteris domestic long term leases are for a fixed period - normally ninety nine years when they are first granted. However a significant flats in Chatteris were built or converted in the 60’s and so these leases now have fewer than 80 years remaining. That may seem like plenty of time however Banks, Building Societies and other mortgage lenders generally need leases to have a minimum of 75 years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance your property value you should be considering whether or not to extend your lease well in advance of selling the property. There are also advantages to doing so before the lease reaches even eighty years as when the lease falls below eighty years the premium to be paid to extend starts to escalate.