Have just purchased a probate house at auction in Chesham Bois. Conveyancing is necessary. What is next?
Now that you are to all intents and purposes signed on the dotted line you now have to retain a conveyancing lawyer as a matter of urgency as you now have a pending a drop dead date to complete the purchase. An auction property will ordinarily have an associated auction set of papers. This will likely include most,if not all of the documents that your solicitor requires. If you have purchased leasehold property the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You must hand this to the solicitor instructed by you as soon as possible. Do make sure that that you have the requisite funding organised to complete on the date specified in the contract.
When it comes to mortgage companies such as Co-operative, do Chesham Bois solicitors incur a fee to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a Chesham Bois conveyancing practitioner on the Aldermore panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Aldermore 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 Aldermore mortgage from the register. Aldermore, 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 Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
3 months have gone by since my purchase conveyancing in Chesham Bois took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 residence 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.
Just had an offer accepted on a new build flat in Chesham Bois. Conveyancing is daunting 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 are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Chesham Bois
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Please confirm the Lease plans are architect prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I opted to have a survey carried out on a property in Chesham Bois in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks will refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chesham Bois. Conveyancing may be slightly more expensive based on your lender's requirements.
My partner has urged me to use his lawyers for conveyancing in Chesham Bois. Do I take his guidance?
There are no two ways about it the ideal way to find a conveyancing solicitor is to have guidance from friends or family who have actually experience in using the solicitor you're considering.
I'm remortgaging a bungalow in Chesham Bois. I can find my conveyancer's company on the CLC list, but I can't locate my lawyer's name as listed on the regulator's website. Should I be concerned?
Not all staff in the law firm must be listed by the regulator. Provided there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unqualified staff.