When does exchange of contracts occur in purchase conveyancing in Chigwell and do I need to attend the solicitors branch?
If you are local to our conveyancing solicitors in Chigwell you are welcome to come in to sign contracts. That being said, the lender approved solicitors we work with supply countrywide coverage for conveyancing and give just as diligent and professional a job for you when communicating with you by post or email. The signing of the contract is not the point of no return. A signed contract simply enables the solicitor to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chigwell)to be in the office available at the end of the phone to exchange contracts.
How do I check that the solicitor handling my conveyancing in Chigwell is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Virgin Money thus paying £187.00 plus VAT in another set of legal bill.
Please do take advantage of the search tool on this page. Pick the mortgage company and type ‘Chigwell’ or your location and you will discover numerous conveyancers based in Chigwell or nearest you.
What will a local search reveal concerning the house my wife and I purchasing in Chigwell?
Chigwell conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for instance Xpress Legal The local search is essential in every Chigwell conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I decided to have a survey carried out on a house in Chigwell prior to instructing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some lenders will not give a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chigwell. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my aunt I am disposing of a property in Newport but live in Chigwell. My lawyer (approximately 250 miles awayrequires that I sign a statutory declaration prior to completion. Could you suggest a conveyancing practitioner in Chigwell to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Chigwell based
Do you have any advice for leasehold conveyancing in Chigwell from the perspective of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Chigwell can be bypassed where you appoint lawyers the minute your agents start advertising the property and request that they start to put together the leasehold information which will be required by the buyers’ lawyers. A minority of Chigwell leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. If you have had any disputes with your landlord or managing agents it is very important that these are settled before the property is marketed. The buyers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is better to present the dispute as over as opposed to unsettled. Many landlords or Management Companies in Chigwell levy fees for supplying management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Chigwell. You believe that you know the number of years left on your lease but you should verify this by asking your lawyers. A buyer’s lawyer will not be happy to advise their client to where the lease term is below 75 years. It is therefore essential at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale.
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Chigwell. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to decide the sum to be paid.
An example of a Freehold Enfranchisement decision for a Chigwell premises 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 remaining number of years on the lease was 69.26 years.