Finally the sale completed on my house in Chingford last December yet the purchaser is Skype messaging me to say her conveyancer is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Following your sale your conveyancer should deliver the transfer deeds and all of the paperwork to the buyer’s lawyers. Where appropriate, your lawyer must also send confirmation that the mortgage has been redeemed to the buyers solicitors. There is unlikely to be post completion steps specific conveyancing in Chingford.
A colleague recommended that where I am purchasing in Chingford I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Chingford conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Chingford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Chingford Education with plans and statistics, Local Amenities and other useful information concerning Chingford.
Me and my brother purchased a terraced Georgian property in Chingford. Conveyancing solicitor acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the exact same property. Is it worth asking Godiva Mortgages Ltd to clarify?
You should review 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 Chingford and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing solicitor who conducted the purchase.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Chingford I like with amenity areas and station nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Chingford suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the shortness of the lease will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I'm refinancing my current home to a BTL mortgage with Coventry Building Society and I will use the rest of the raised equity as a down payment on another property. The location we are looking at is Chingford. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?
Make use of our comparison tool on this site to check that the lawyers are on the appropriate lender panels. On the basis that they are your solicitor should be able to tie up the two transactions but you should have a chat with you conveyancer and communicate your expectations and needs.
Me and my partner are buying a three bedroom apartmentin Chingford with a home loan from a mortgage company. We like our lawyer in Chingford yet our lender inform us now that she’s not approved on their "panel". Apparently we need to choose from the our mortgage company panel solicitors or stay with our Chingford conveyancer and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The bank mortgage offered to you is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most banks had large numbers of law firms on their panels, including almost all conveyancing solicitors in Chingford : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your bank.