My husband and I are buying a maisonette in Chelmsford. My property lawyer is not on the lender conveyancing panel. Am I still permitted to use my Chelmsford conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
Various options include
- Proceed with your preferred Chelmsford conveyancer but your mortgage company will no doubt appoint a conveyancer from their conveyancing panel. This will result in additional fees and potential interruption.
- Choose a fresh conveyancer to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your property lawyer to apply to join the bank panel
We see that you have a search directory identifying solicitors on the RBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Chelmsford?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chelmsford.
A relative informed me that in buying a property in Chelmsford there could be various restrictions prohibiting external alterations to the property. Is this right?
There are a number of properties in Chelmsford which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Chelmsford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My lawyer has informed me that breach of easement insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Chelmsford?
The right level of breach of easement indemnity insurance should be dictated by who who your lender is. It would differ for example between Barclays and Barnsley Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
About to purchase house in Chelmsford. 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 Chelmsford property lawyer is on the Lloyds conveyancing panel.
I am buying a new build flat in Chelmsford. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Chelmsford
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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 a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the guidance of my in-laws I had a survey completed on a property in Chelmsford in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend refuse to give a mortgage on such a property.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you e-mail us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chelmsford. Conveyancing will be smoother if you use a solicitor in Chelmsford especially if they are familiar with such properties in Chelmsford.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have subsequently been informed that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Chelmsford. Conveyancing advisers have are soon to be instructed. Will they explain the issues?
The majority of houses in Chelmsford are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Chelmsford so you should seriously consider shopping around for a Chelmsford conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the property is part of an estate. Your lawyer should appraise you on the various issues.
I invested in buying a 1st floor flat in Chelmsford, conveyancing having been completed 10 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Chelmsford with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 yearly. The lease finishes on 21st October 2084
With only 58 years remaining on your lease the likely cost is going to range between £23,800 and £27,400 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.