Completed the sale of my flat in Chigwell last October but my buyer keeps telephoning daily to say her conveyancer is waiting to hear from mine. What should have happened following completion?
Following your disposal your solicitor should deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your lawyer must also confirm that the home loan has been redeemed to the buyers conveyancers. There is unlikely to be post completion tasks just for conveyancing in Chigwell.
I am buying a terraced house in Chigwell. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Chigwell you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Chigwell.
Should our conveyancer be raising questions about flooding as part of the conveyancing in Chigwell.
Flooding is a growing risk for lawyers specialising in conveyancing in Chigwell. Some people will acquire a house in Chigwell, fully aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, however there are a numerous checks that can be carried out by the buyer or by their conveyancers which will give them a better appreciation of the risks in Chigwell. The conventional set of property information forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to find out if the premises has historically flooded. If the residence has been flooded in past and is not notified by the owner, then a purchaser may issue a legal claim for losses resulting from an incorrect reply. A purchaser’s solicitors should also conduct an environmental report. This will reveal if there is a recorded flood risk. If so, more detailed investigations should be carried out.
My wife and I have a semi-detached Edwardian house in Chigwell. Conveyancing lawyer acted for me and Leeds Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to read 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 owner 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 sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing solicitor who completed the work.
I have been on the look out for a flat up to £195,000 and found one close by in Chigwell I like with amenity areas and railway links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Chigwell suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage that many years may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Why is New Build conveyancing in Chigwell more costly?
Acquiring a new build premises is significantly distinct from the normal house purchase conveyancing in Chigwell. For a start housebuilders normally need contracts to exchange within a tight deadline, so there is a lot of pressure on your lawyer to make sure all is in order. In addition new build conveyancing frequently involve examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more demanding. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.