Me and my partner are purchasing our first home. Our property lawyer has contact usto enquire if we want to purchase additional conveyancing searches. We are really unsure what's appropriate for conveyancing in Chobham
The range of Chobham conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the region and risks, your general appetite to risk. What is important is that you properly comprehend what information the searches could give you. Then you can make a decision if you personally think you need that information. If uncertain, ask your conveyancing practitioner to explain.
We note that you have a post code search directory identifying firms on the UBS conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Chobham?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chobham.
The deeds to my home are lost. The lawyers who conducted the conveyancing in Chobham 4 years ago are no longer around. What are my options?
Assuming you have a registered title the details of your ownership will be recorded by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, identify your property and secure current copies of the property title for a small fee. Where the title is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
About to purchase a new build apartment in Chobham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chobham
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision.
We're first time buyers - had an offer accepted, but the agent informed us that the owners will only go ahead if we instruct their recommended conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in Chobham
We suspect that the seller is not behind this demand. Should the owner want ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)however you intend to use your preferred Chobham conveyancing firm - as opposed tothose that will give their negotiator at the agency a referral fee or hit his conveyancing figures pre-set by head office.
Do you have any top tips for leasehold conveyancing in Chobham with the intention of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Chobham can be reduced if you instruct lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold documentation which will be required by the purchasers’ lawyers. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Chobham state that internal structural changes or addition of wooden flooring require a licence issued by the Landlord consenting to such alterations. Should you fail to have the approvals in place do not communicate with the landlord without checking with your conveyancer in advance. You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your lawyers. A purchaser's conveyancer will not be happy to advise their client to where the remaining number of years is below 75 years. It is therefore essential at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. Some Chobham leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors.
I invested in buying a 2 bed flat in Chobham, conveyancing formalities finalised February 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Chobham with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2092
With only 67 years remaining on your lease we estimate the premium for your lease extension to be between £10,500 and £12,000 plus 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 other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.