I am not well enough to travel far from Chislehurst. I would like to know the logic why all Chislehurst conveyancers are not on all mortgage company panels?
Mortgage Companies tend to impose restrictions on either the nature or the number of conveyancing solicitors on their panel. A common example of such criteria being that a practice must have two or more partners. As well as restricting the nature of firm, some lenders decided to limit the number of organisations they permit to represent them. It is worth noting that mortgage companies have no responsibility for the quality of conveyancing given by any Chislehurst conveyancing practitioner on their approved list. Mortgage fraud was the key driver in the culling of conveyancing panels a few years ago notwithstanding that there are opposing views about the extent of solicitor involvement in some of that fraud. Statistics from HMLR reveal that thousands of law firms only conduct a couple of conveyances annually. Those advocating conveyancing panel pruning ask why conveyancing firms deserve any entitlement to remain on a bank panel when clearly conveyancing is not their speciality?
I need some fast conveyancing in Chislehurst as I have pressure to exchange contracts within 3 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to have searches conducted although no solicitor would recommend that you don't. With lots of history conveyancing in Chislehurst the following are examples of issues that can appear and adversely impact market value: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
I opted to have a survey carried out on a property in Chislehurst in advance of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will not issue a mortgage on such a property.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chislehurst. Conveyancing will be smoother if you use a solicitor in Chislehurst especially if they are familiar with such properties in Chislehurst.
Is it simple use the search facility to find a conveyancing solicitor in Chislehurst on the panel for my mortgage?
1st choose a bank such as HSBC Bank, Virgin Money or Platform Home Loans Ltd then type in your preferred area for instance Chislehurst. Conveyancing firms in Chislehurst and further afield will then be listed.
I am using a search engine for the term on line conveyancing in Chislehurst it shows results of numerous property lawyersin the vicinity. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The preferential method of choosing the right conveyancer is via personal testimonial, so ask colleagues and relatives who have bought a property in Chislehurst or a respected estate agent or financial adviser. Costs for conveyancing in Chislehurst vary, so it's advisable to secure a minimum of four fee calculations from varying types of solicitors. Dont forget to clarify what costs in the quote includes.
Last August I purchased a leasehold flat in Chislehurst. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Notwithstanding our best endeavours, we have been unsuccessful in trying to reach an agreement for a lease extension in Chislehurst. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to assess the premium.
An example of a Lease Extension matter before the tribunal for a Chislehurst residence is 70 Andace Park Gardens 133-149 Widmore Road in November 2013. Tribunal determined that the premium payable for the lease extension was £10,052 This case related to 1 flat. The unexpired term was 72 years.