Can you explain why leasehold purchase conveyancing in Chesham costs more?
The conveyancing costs for a leasehold premises in Chesham is frequently higher than on a freehold residence. This is due to the extra work required in dealing with the landlord and management company to collate the information concerning whether the rent and service fee have been discharged and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the building.
My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Chesham. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
If you intend to refinance then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
Various online forums that I have frequented warn that are a common cause of stalling in Chesham house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Chesham.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Chesham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Chesham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I own a leasehold flat in Chesham. Conveyancing and Clydesdale mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Chesham who acted for me is not around. What should I do?
First make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Chesham conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Chesham Leasehold Conveyancing - A selection of Questions you should ask Prior to Purchasing
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How many years remain on the lease? On the whole the outlay for major works are not incorporated into the service charges, albeit that there some managing agents in Chesham ask tenants to contribute towards a reserve fund and this is used to offset against larger works.
How easy is it to change a solicitor as I need to find a Chesham based conveyancer who is on the mortgage company conveyancing panel. Is it practical to instruct different lawyers?
If you haven't yet appointed a conveyancer to commence the conveyancing and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Chesham that you're considering.