We are purchasing a apartment in Chinnor. I might seem paranoid but how we can trust a conveyancer? On completion day we have to put funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I just acquired a flat at auction in Chinnor. Conveyancing is required. What are my next steps?
Having exchanged you must find a conveyancing practitioner soon as you are faced with a tight deadline in which to complete the property. All auction property will have a corresponding legal set of papers. This will include evidence of title and search results. Where you are dealing with leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You need to give this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds organised to complete on the date specified in the contract.
We have agreed to purchase a house in Chinnor. One unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Virgin Money your lawyer must check the formal requirements contained in Part two of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease does not satisfy these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Chinnor.
We are purchasing a property and the lawyer has mentioned Chancel Repair to which the house may be liable given it’s proximity to the area of such a church. He has mentioned insurance. Is this strictly required for conveyancing in Chinnor
Unless a prior acquisition of the premises completed post 12 October 2013 you may expect solicitors handling conveyancing in Chinnor to continue to recommend a chancel search and or insurance against a claim.
three months have elapsed since my purchase conveyancing in Chinnor completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in Chinnor with the aid of help to buy. The sellers would not budge the price so I negotiated 6k of extras instead. The property agent told me not disclose to my solicitor about the deal as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Chinnor?
At this site secure a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Chinnor. Unlike many estate agents and many comparison sites we do not charge firms a fee if you instruct them for your home move in Chinnor
Estate agents have just been given the go-ahead to market my garden flat in Chinnor. Conveyancing solicitors are to be appointed soon, but I have just received a yearly service charge invoice – what should I do?
It best that you discharge the invoice as you normally would as all rents and maintenance charges will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a ground floor flat in Chinnor, conveyancing formalities finalised November 2009. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Chinnor with a long lease are worth £207,000. The ground rent is £60 per annum. The lease runs out on 21st October 2082
With just 57 years remaining on your lease we estimate the price of your lease extension to range between £28,500 and £33,000 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.