The Chelmsford conveyancing firm handling our Chelmsford conveyancing has spotted an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My solicitor says that he is duty bound to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Are the BSA intent on creating a searchable register to to identify solicitors on the Earl Shilton BS conveyancing panel for example in Chelmsford?
We have not been informed any intention on the part of the BSA to promote such a search facility.
My wife and I purchasing a terrace house in Chelmsford. Our aim is to carry out a loft conversion at the property.Will legal due diligence on the property involve checks to see if these works are allowed?
Your conveyancer should review the deeds as conveyancing in Chelmsford can on occasion reveal restrictions in the title deeds which restrict certain works or need the permission of a 3rd party. Some additions require local authority planning permissions and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
Is there a list of Leeds Building Society panel solicitors in Chelmsford on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lending institutions make their panel listings open the public on the web. If you are seeking to appoint a Chelmsford lawyer on the Leeds Building Society please use our facility.
My wife and I have arranged a further advance on our home loan from Co-operative as we wish to conduct renovations to our house in Chelmsford. Are we obliged to choose a high street Chelmsford solicitor on the Co-operative conveyancing panel to handle the legals?
Co-operative don't usually instruct firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative list.
It has been 3 months following my purchase conveyancing in Chelmsford completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chelmsford. Conveyancing is a frightening process 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 legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Chelmsford
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a flat up to £195,000 and identified one round the corner in Chelmsford I like with open areas and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Chelmsford in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign 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 regarding this.