Completed the sale of my flat in Chipstead last August but the buyer keeps texting every few hours complaining that their solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your sale your conveyancer should deliver the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also confirm that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There is unlikely to be post completion tasks specific conveyancing in Chipstead.
We hope to to purchase with Norwich and Peterborough Building Society. I called into a couple of local solicitors but am unable to find a Chipstead conveyancing firm on the Norwich and Peterborough Building Society approved list. Can you help?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the building society and type Chipstead or your preferred area and you will discover numerous conveyancers offices in Chipstead or by proximity to you.
I happen to be the only beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Chipstead. Conveyancing formalities meant that the Land Registry date was in April. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship may be regarded the same way as if I'd bought the house in April. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Most lenders would take a sensible view as this obligation is primarily there to capture subsales or the flipping of property.
Is it correct that all Chipstead CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing list of approved solicitors?
A selection of lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
About to purchase house in Chipstead. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chipstead conveyancing practitioner is on the Nottingham conveyancing panel.
My wife and I purchased a 4 bedroom Victorian property in Chipstead. Conveyancing practitioner represented me and Chelsea Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for 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 Chipstead and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing lawyer who conducted the conveyancing.
I am purchasing my first flat in Chipstead with the aid of help to buy. The builders would not reduce the amount so I negotiated £7000 of extras instead. The property agent advised me not to tell my conveyancer about this extras as it will affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
If all goes to plan we aim to complete the disposal of our £200,000 flat in Chipstead in 8 days. The landlords agents has quoted £372 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Chipstead?
Chipstead conveyancing on leasehold maisonettes normally requires the buyer’s solicitor sending questions for the landlord to address. Although the landlord is not legally bound to respond to these enquiries most will be willing to do so. They are entitled to invoice a reasonable charge for answering questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee invoiced by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration fees, without which the invoice is technically not due. In reality you have little option but to pay whatever is demanded should you wish to sell the property.
My wife and I have hit a brick wall in trying to purchase the freehold in Chipstead. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Chipstead conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Chipstead premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case related to 3 flats. The unexpired term as at the valuation date was 75 years.