Me and my fiance are buying a 3 bedroom flat in Chatteris with a mortgage. We like our Chatteris lawyer, however the lender says she’s not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or retain our Chatteris conveyancer as well as pay for one of their panel firms to represent them. We consider that this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Chatteris conveyancing lawyer to apply to be on the conveyancing panel.
It is is a decade since I acquired my house in Chatteris. Conveyancing solicitors have now been retained on the sale but I am unable to locate my title documents. Will this cause complications?
Don’t worry too much. First the deeds may be retained by your lender or they may stored with the solicitor who oversaw the purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Chatteris relates to registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
I have todaybecome aware that Action Conveyancing have been shut down. They carried out my conveyancing in Chatteris for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chatteris conveyancing specialists.
What does commercial conveyancing in Chatteris cover?
Non domestic conveyancing in Chatteris incorporates a wide range of guidance, offered by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
My uncle has suggested that I appoint his conveyancing solicitors in Chatteris. Should I find my own solicitor?
Much as we are happy to recommend a Chatteris conveyancing lawyer it’s preferable to select a conveyancing solicitor is to get recommendations from friends or relatives who have used the solicitor you're contemplating using.
Last December I purchased a leasehold property in Chatteris. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, 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 bought a split level flat in Chatteris, conveyancing was carried out in 1999. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Chatteris with an extended lease are worth £260,000. The ground rent is £45 levied per year. The lease comes to an end on 21st October 2099
You have 74 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.