Just acquired a semi-detached house in Chesterfield , What is the estimated time for the Land Registry to register my proprietorship? My Chesterfield conveyancing solicitor works at snail pace, so I want to check that my name is registered.
As far as conveyancing in Chesterfield is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust according to who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd persons or bodies. At present in the region of 80% of such applications are completed in less than three weeks but occasionally there can be longer delays. Registration occurs once the buyer is living at the property therefore post completion formalities is not always top priority yet where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I am buying a new build house in Chesterfield benefiting from help to buy. The builders would not move on the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not reveal to my lawyer about this extras as it would jeopardize my loan with Norwich and Peterborough Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Chesterfield I like with amenity areas and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Chesterfield in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage that many years will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Chesterfield. I happened to stumble upon a site which looks to be the perfect solution If there is a chance to get all this stuff completed via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Estate agents have just been given the go-ahead to market my ground floor flat in Chesterfield. Conveyancing solicitors are to be appointed soon, but I have recently had a half-yearly service charge demand – Do I pay up?
The sensible thing to do is discharge the invoice as usual because all rents and service charges should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a 2 bed flat in Chesterfield, conveyancing having been completed May 2003. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Chesterfield with an extended lease are worth £179,000. The ground rent is £65 yearly. The lease comes to an end on 21st October 2083
With only 57 years left to run we estimate the price of your lease extension to range between £26,600 and £30,800 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
One month into purchasing a house in Chesterfield. Conveyancing solicitor has told us the title is "Leasehold". Will this likely adversely affect our Santander valuation?
Chesterfield conveyancing does not ordinarily involve leasehold houses. The crucial consideration here is the length of lease and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's essentially freehold, so it shouldn't impact the value too much.
At the other extreme, if it's, say, 50 years it will have a adverse impact on the saleability, and most likely wouldn't be acceptable to the bank. The length of lease and ground rent will be stated in the lease to be supplied to your conveyancer.