The Chatteris conveyancing solicitors that I appointed last week on my purchase in Chatteris have suddenly shut down. They were on acting for me because I had to have a lawyer on the Yorkshire BS conveyancing panel and my previous Chatteris lawyer was not. I wrote them a cheque for two hundred pounds in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
We are intent on selling our home in Chatteris and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the buyers are using an internet conveyancing outfit rather than a conveyancing solicitor in Chatteris. Having lived in Chatteris for six years we know of no issue. Is it a good idea to contact our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am looking for a ground for flat up to £235,500 and identified one close by in Chatteris I like with open areas and station nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Chatteris in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm remortgaging my current house to a buy to let loan with Chelsea Building Society and I will use the ballance of the raised equity towards a second property. The location we are talking about is Chatteris. Will your lawyers be able to act for the two banks and link together the conveyances?
Make use of our comparison tool on this page to check that the conveyancers are on the appropriate lender panels. Assuming that they are the conveyancer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and specify your desired outcome and requirements.
If all goes to plan we aim to complete our sale of a £375,000 apartment in Chatteris next Wednesday. The landlords agents has quoted £336 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Chatteris?
For the majority of leasehold sales in Chatteris conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Addressing conveyancing due diligence questions
Where consent is required before sale in Chatteris
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Chatteris Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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It is important to be aware if a new roof is being put on or some other major work is pending to be shared between the leasehold owners and will materially impact the level of the maintenance fees or necessitate a specific payment. For most Chatteris leaseholds the outlay for major works tend not to be incorporated into the maintenance charges, albeit that a few managing agents in Chatteris ask leaseholders to pay into a reserve fund created for the specific purpose of building a fund for larger repairs or maintenance. Does the lease have more than 80 years remaining?
At last I have had an offer on an apartment in Chatteris agreed to, the seller does however have an associated purchase. The owners have offered on a flat, but it’s not yet agreed to, and are looking at other apartments booked. I have chosen a local conveyancing solicitor in Chatteris. What do I do now? When do I get the mortgage application with UBS started with UBS?
It is understandable to have anxieties where there is an associated chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then survey, Chatteris conveyancing search costs, etc). The first course of action is to ensure that your solicitor is on the UBS approved list. As to the subsequent steps this very much depends on the uniqueness of your case, desire for this property and on the state of the market. During a rising market some home buyers would apply for the mortgage with UBS and pay for the valuation and only if it was satisfactory would they pay their solicitor to move forward with the conveyancing in Chatteris.