My financial adviser requires my Chichester lawyer’ panel reference for the HSBC conveyancing panel. How do I discover this. I have contacted my local Chichester office but they cant find it on their system.
You are best placed to get this information from your Chichester property lawyer . Most Chichester conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
I am the registered owner of a freehold property in Chichester but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Chichester and has limited impact for conveyancing in Chichester but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Do I need to pop into the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Chichester so that I can attend their offices when needed.
As opposed to twenty years ago, almost all banks no longer need their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to hand over identification documents and there are still distinct advantages to choosing a locally based solicitor, in your case a conveyancing solicitor in Chichester.
I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Chichester I like with amenity areas and railway links nearby, however it only has 51 years on the lease. I can't really find anything else in Chichester in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I'm remortgaging my primary house to a BTL loan with Bank of Ireland and I will use the ballance of the raised equity as a down payment on further property. The location we are looking at is Chichester. Will your solicitors be able to act for the two banks and link together the conveyances?
Do use our search tool on this page to be sure that the solicitors are on the relevant lender panels. Having checked that they are the solicitor should be able to connect the two transactions but you should have a chat with you conveyancer and make clear your expectations and needs.
Is it true that a Chichester conveyancing company has court proceedings brought against them by clients for not carrying out the appropriate conveyancing searches?
Our attention has not be brought to such a Chichester conveyancing matter but it has been reported that, clients acquiring a property in Cumbria successfully sued their conveyancing practitioner as a consequence of development plans to build a wind farm failing to be picked up in conveyancing searches.
Where you are purchasing in Chichester It is critical that your conveyancer carry out all Chichester conveyancing searches needed making sure that you have accurate and up to date information ahead of purchasing a property.