My wife and I are soon to complete buying a house in Chelsea but as a consequence of damage from the recent storms I have was able negotiate compensation from the owner in the sum of £2k by way of a reduction in the price. I had intended this to be addressed as part of the conveyancing process but TSB are not allowing this. Why were they approached?
Your solicitor being on a TSB conveyancing panel is duty bound to disclose to TSB of any changes to the purchase price. If you prohibit your solicitor to disclose the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new lawyer for your conveyancing in Chelsea.
Is there a reason why leasehold purchase conveyancing in Chelsea costs more?
Chelsea leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Can you point me to a directory of UBS panel solicitors in Chelsea on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. Very few mortgage companies make their panel listings open the public on the web. If you are seeking to appoint a Chelsea solicitor on the UBS please use our tool.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Chelsea property lawyer on the Leeds Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
Intending to buy a apartment in Chelsea. 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 Leeds Building Society 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 Chelsea lawyer is on the Leeds Building Society conveyancing panel.
Will commercial conveyancing searches reveal impending roadworks that may affect a commercial estate in Chelsea?
Its becoming the norm that commercial conveyancing solicitors in Chelsea will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Chelsea. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chelsea.
For each commercial conveyancing transaction in Chelsea it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to Chelsea commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Chelsea.
Is it possible to change solicitor as I need to select a firm on the Barclays conveyancing panel. I had appointed a local conveyancing solicitor in Chelsea five minutes from me but he is not approved by Barclays
It would be our pleasure to help you find a conveyancing solicitor in Chelsea on the Barclays panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Chelsea. Using search facility on this site, you can contrast charges for conveyancing solicitors in Chelsea and beyond.
We expect to complete the sale of our £175,000 garden flat in Chelsea next Tuesday. The managing agents has quoted £408 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Chelsea?
For the majority of leasehold sales in Chelsea 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 pre-exchange questions
Where consent is required before sale in Chelsea
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Chelsea conveyancing firm to help?
Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price payable.
An example of a Lease Extension decision for a Chelsea property 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 residue of the current lease was 57.06 years.