I am hoping to receive a mortgage offer from Halifax. I intend to employ the services of a Licensed Conveyancer in Chiswick. Does the Halifax Conveyancing panel allow for conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I have been told by my lawyer that breach of easement insurance is needed on my purchase. What is the level of cover for Chiswick conveyancing?
The right level of breach of easement indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Coventry Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
When it comes to lenders such as UBS, do Chiswick property lawyers have to pay a fee to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We are getting a further advance on our mortgage from Clydesdale as we want to carry out improvements to our home in Chiswick. Are we obliged to appoint a bricks and mortar Chiswick solicitor on the Clydesdale conveyancing panel to deal with the paperwork?
Clydesdale don't usually appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale panel.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chiswick. 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 are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Chiswick
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared.
I'm remortgaging my primary house to a buy to let mortgage with Barnsley Building Society and intend to use the remaining equity as a deposit on another house. The location we are interested in is Chiswick. Will your lawyers be able to act for both sets of banks and tie in the conveyances?
Do use our search tool on this page to be sure that the conveyancers are on the appropriate lender panels. Assuming that they are the solicitor will be able to connect the two deals but you should have a chat with you solicitor and make clear your desired outcome and requirements.
I need to retain a conveyancing solicitor for my conveyancing in Chiswick. I happened to land on a web site which looks to be the perfect answer If there is a chance to get all this stuff completed via email that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am attracted to a couple of flats in Chiswick which have approximately forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold apartment in Chiswick is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most buyers and lenders, leases with under eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Chiswick conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Chiswick. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to decide the sum to be paid.
An example of a Lease Extension case for a Chiswick property is Flat 1 30 Ennismore Avenue in September 2010. the Tribunal adopted and arrived at a premium for the lease extension of £29, 900 This case affected 1 flat. The unexpired term was 68.34 years.