We are a couple about to sign contracts for a semi detached house in Chelsea. We have hit a snag. Our loan offer with Norwich and Peterborough Building Society expires on 9/3/2026 but the owners are insisting on a completion date of 11/3/2026. Can one extend the loan expiry date?
The best person to deal with your concern is your solicitors who will hopefully calculate whether he or she is better off negotiating with the mortgage company, owner’s solicitors, estate agents or indeed all three given what has gone on in your conveyancing to date.
We are purchasing a property and require a conveyancing solicitor in Chelsea who is on the Principality conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Chelsea.
My relative recommended that where I am purchasing in Chelsea I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Chelsea conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Chelsea around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Chelsea Education with plans and statistics, Local Amenities and other useful information regarding Chelsea.
Just had an offer accepted on a new build apartment in Chelsea. Conveyancing is daunting 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Chelsea
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Please confirm the Lease plans are architect prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Chelsea conveyancing firm to help?
Most definitely. We can put you in touch with a Chelsea conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Chelsea residence is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case affected 1 flat. The unexpired term as at the valuation date was 57.06 years.
What makes a Chelsea lease unmortgageable?
Leasehold conveyancing in Chelsea is not unique. Most leases are individual and drafting errors can sometimes mean that certain sections are erroneous. The following missing provisions could result in a defective lease:
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Insurance obligations
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Norwich and Peterborough Building Society, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to withdraw.
We have been advised by numerous estate agents to expect up to two months for Chelsea conveyancing to complete.This was four weeks ago. The draft contract was only forwarded from the vendors conveyancer yesterday so does the time start running now?
No definitive time frame exists for conveyancing in Chelsea. Conveyancing is subject to too much unpredictabilities. Chelsea conveyancing searches in and of themselves could take some weeks before they are received.