My wife and I are purchasing a newly constructed duplex in Chigwell and my lawyer is telling me that she has to the bank to disclose incentives from the seller. I am on a tight deadline to sign contracts and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Chigwell?
There are two types of lawyers who can conduct conveyancing in Chigwell namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that required to complete the disposal or acquisition of property. They are both obliged to carry out Chigwell conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be professionally carried out and that the necessary procedures will be appropriately adhered to.
A relative advised me that in purchasing a property in Chigwell there could be various restrictions prohibiting external changes to a property. Is this right?
We are aware of a number of properties in Chigwell which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Chigwell should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Chigwell conveyancer on the TSB panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB 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 TSB mortgage from the register. TSB, 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 TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Me and my brother purchased a semi-detached Victorian property in Chigwell. Conveyancing solicitor represented me and Platform Home Loans Ltd. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Platform Home Loans Ltd to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chigwell and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
I am looking into buying my first house which is in Chigwell and I am already nervous. I couldn't find anything specific about Chigwell. Conveyancing will be needed in due course but do you know about the Chigwell area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chigwell. In the meantime here are some basic statistics that we found
My wife and I purchased a leasehold flat in Chigwell. Conveyancing and Platform Home Loans Ltd mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Chigwell who acted for me is not around. Do I pay?
First make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Chigwell conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have had difficulty in trying to purchase the freehold in Chigwell. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to decide the price payable.
An example of a Freehold Enfranchisement case for a Chigwell property is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 69.26 years.
Is it true that a Chigwell conveyancing firm has court proceedings brought against them by a client for failing to conduct the appropriate conveyancing investigations?
Our attention has not be brought to such a Chigwell conveyancing matter but it has been reported that, clients acquiring a home in Cumbria successfully sued their property lawyer due to development plans to construct a wind farm failing to be identified in conveyancing searches.
Where you are purchasing in Chigwell It is essential that your conveyancing practitioner conduct all Chigwell conveyancing searches necessary making sure that you have accurate and up to date information ahead of purchasing a property.