Me and my fiance are buying property in Chichester. My lawyer is not listed on the mortgage company conveyancing panel. Am I still permitted to retain my Chichester conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
You have numerous options available to you here
- Carry on with your chosen Chichester conveyancing practitioner but your mortgage company will no doubt instruct a solicitor from their approved list. This will result in additional cost together with likely interruption.
- Get a new property lawyer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your lawyer to apply to join the bank panel
Please explain the implications if my lawyer’s firm is expelled from the HSBC Conveyancing panel ahead of completing my conveyancing in Chichester?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I am the only recipient of my late mum's estate and I have everything in my name now, including the house in Chichester. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I do know about the CML 6 month 'rule', meaning my property ownership could be treated the same way as though I had purchased the house in December. Is the property unsalable for six months?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation is chiefly there to capture subsales or the flipping of property.
Does a directory service exist listing HSBC panel conveyancers in Chichester on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings visible over the internet. If you are looking for a Chichester solicitor on the HSBC please use our facility.
We were going to get a OIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Aldermore recommend any Chichester solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Chichester solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
Will commercial conveyancing searches reveal proposed roadworks that could affect a commercial premises in Chichester?
Its becoming the norm that commercial conveyancing solicitors in Chichester will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Chichester. The report provides 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 Chichester.
For each commercial conveyancing transaction in Chichester it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Chichester commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Chichester.
My business partner and I are intending to lease a unit on a shopping parade. Can you recommend solicitors offering fixed fees for commercial conveyancing in Chichester for under £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Chichester, including the sale and acquisition of businesses as well as simply property. If you are intending to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. As for the fees these will vary based on the structure and terms of the proposed transaction. Let us have your contact information or email so as to enable us to supply you with comprehensive commercial conveyancing calculation.
Having checked my lease I have discovered that there are only Sixty One years left on my flat in Chichester. I need to extend my lease but my landlord is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to demonstrate that you have done all that could be expected to locate the landlord. In some cases an enquiry agent would be useful to carry out a search and prepare a report which can be used as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer both on proving the landlord’s disappearance and the application to the County Court covering Chichester.
I am the registered owner of a garden flat in Chichester, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Chichester with over 90 years remaining are worth £265,000. The ground rent is £50 invoiced every year. The lease finishes on 21st October 2101
With 75 years left to run we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.