Am I correct in assuming that the fact that my conveyancer in Chipping Campden is not on my bank's solicitor panel that there is a problem with the standard of her work?
That would more than likely be a wrong assumption to make. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Chipping Campden conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
My wife and I are due to exchange buying a house in Chipping Campden but as a result of damage from a small fire at the property I have managed to agree compensation from the current proprietors in the sum of £2k in the form of a deduction in the price. I had intended this to be dealt with as part of a side agreement yet Nottingham will not permit this. Why were they informed?
Any conveyancing practitioner being on the Nottingham conveyancing panel is required to inform Nottingham of any variations to the sale price. If you were to refuse your lawyer to report the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new lawyer for your conveyancing in Chipping Campden.
Various online forums that I have visited warn that are a common cause of stalling in Chipping Campden house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Chipping Campden.
It has been four months following my purchase conveyancing in Chipping Campden concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 premises 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.
About to purchase a new build flat in Chipping Campden. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Chipping Campden
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
There are only 72 years remaining on my flat in Chipping Campden. I need to get lease extension but my landlord is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to prove that you or your lawyers have done all that could be expected to track down the lessor. In some cases a specialist should be useful to try and locate and prepare a report to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the application to the County Court covering Chipping Campden.
Chipping Campden Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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Many Chipping Campden leasehold properties will be liable to pay a service charge for maintenance of the building invoiced on behalf of the landlord. Should you acquire the property you will have to meet this contribution, normally in instalments accross the year. This can be anything from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge for you to pay yearly, this is usually not a large amount, say approximately £50-£100 but you should to check as on occasion it could be many hundreds of pounds. Its a good idea to discover as much as you can concerning the company managing the building as they will either make life much simpler or much more difficult. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to every day matters such as the upkeep of the common parts. Don't be shy to ask other tenants what they think of their service. On a final note, be sure you understand the dates that the service fees are due to the relevant party and specifically what you get for your money. What restrictions are there in the Chipping Campden Lease?