Finally the sale completed on my house in Cheddar last December but our buyer keeps texting me complaining that their lawyer needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your disposal your lawyer is committed to forward the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. If applicable, your lawyer should also confirm that the home loan has been paid off to the buyers conveyancers. There are no post completion formalities unique to conveyancing in Cheddar.
My wife and I are in the throws of viewing houses in Cheddar and I am about to put in an offer. Is it best to have my conveyancer on ‘stand by’? I will be getting a home loan with HSBC.
It would be wise to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
Intending to buy a apartment in Cheddar. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cheddar lawyer is on the Lloyds conveyancing panel.
My offer was accepted on a property in Cheddar on 17/4/2025, valuation was booked five days later, all came back fine. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Barclays and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Barclays conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
About to purchase a new build flat in Cheddar. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Cheddar
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared.
I am looking for a ground for flat up to £235,500 and found one round the corner in Cheddar I like with a park and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Cheddar for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
I'm converting the mortgage on my current home to a BTL mortgage with Barclays and I will use the ballance of the raised equity towards another property. The area we are interested in is Cheddar. Will your lawyers be able to act for the two mortgage companies and tie in the transactions?
Make use of our search tool on this page to check that the conveyancers are on the appropriate lender panels. Assuming that they are your conveyancer should be able to tie up the two conveyancing matters but you should talk with you conveyancer and communicate your desired outcome and needs.
Can you provide any advice for leasehold conveyancing in Cheddar from the perspective of expediting the sale process?
- Much of the delay in leasehold conveyancing in Cheddar can be avoided where you get in touch lawyers the minute you market your property and ask them to put together the leasehold information needed by the purchasers’ conveyancers. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The buyers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic rather than ongoing. Many freeholders or Management Companies in Cheddar charge for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Cheddar. Some Cheddar leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If you hold a share in a the freehold, you should make sure that you hold the original share document. Organising a duplicate share certificate is often a lengthy formality and slows down many a Cheddar home move. Where a new share certificate is necessary, you should approach the company director and secretary or managing agents (where applicable) for this sooner rather than later.
I own a 1 bedroom flat in Cheddar, conveyancing having been completed 8 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Cheddar with a long lease are worth £180,000. The ground rent is £65 per annum. The lease expires on 21st October 2083
With 58 years remaining on your lease we estimate the price of your lease extension to span between £22,800 and £26,400 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.