Am I correct in assuming that the fact that my solicitor in Chichester is not identified on my lender's solicitor panel that there is a problem with the quality of her work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should contact the Chichester conveyancing firm and ask them why they are no longer on the approved list for your bank.
Can your site be used to locate a Conveyancing solicitor in Chichester even if I’m not purchasing or disposing of a house, for instance if I intend to buy an office in Chichester with a mortgage from Aldermore?
The service is predominantly there to help choose residential conveyancing solicitors in Chichester but we have set out at the bottom of this page a few Chichester commercial conveyancing firms. You should enquire with the solicitors directly to see if they are also authorised to represent Aldermore
My home in Chichester is up for sale and I have a purchaser. Does my conveyancing practitioner need to be required to be on the HSBC conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
Have purchased a a terraced house in Chichester , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Chichester conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.
As far as conveyancing in Chichester is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timeframes can adjust subject to who lodges the application, whether there are errors and if the Land registry communicate with any other persons or bodies. As of today roughly 80% of submission are completed in less than three weeks but occasionally there can be protracted delays. Historically registration occurs once the new owner has moved in to the property so 'speed' is not always primary concern yet where there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
I opted to have a survey completed on a house in Chichester in advance of appointing solicitors. I have been advised that there is a flying freehold element to the house. The surveyor has said that some banks will not give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chichester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chichester to see if the conveyancing costs will increase in light of this.
Last October I purchased a leasehold flat in Chichester. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a 1 bedroom flat in Chichester, conveyancing formalities finalised 10 years ago. How much will my lease extension cost? Similar flats in Chichester with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2078
With 52 years left to run we estimate the premium for your lease extension to be between £29,500 and £34,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.