Our solicitor has uncovered a defect with the lease for the flat we are buying in Chorley. The other side have offered title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancing practitioner says that he must check that the bank is content with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
I bought my house on 9 August and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Chorley expressed confidence that it would be dealt with in less than a month. Are titles in Chorley particularly slow to register?
As far as conveyancing in Chorley registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry have to notify any interested parties. Currently roughly three quarters of submission are completed in less than three weeks but some can be subject to protracted hold-ups. Historically registration takes place after the buyer is living at the premises so registration formalities is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
I opted to have a survey carried out on a house in Chorley in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some banks tend refuse to give a loan on this type of house.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chorley. Conveyancing will be smoother if you use a solicitor in Chorley especially if they regularly deal with such properties in Chorley.
Is it possible to switch conveyancer as I need to instruct one who is on the Santander conveyancing panel. I hired a family conveyancing solicitor in Chorley five minutes from me but she is not approved by Santander
We will our best to assist in finding you a conveyancing solicitor in Chorley on the Santander panel. Please note that the solicitors that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Chorley. In making use of the find a conveyancing solicitor tool on this page, you can contrast charges for conveyancing solicitors in Chorley and throughout England and Wales.
I need to instruct a conveyancing solicitor for some conveyancing in Chorley. I happened to discover a web site which seems to have the perfect offering If it is possible to get all formalities completed via email that would be ideal. Do I need to 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?
My wife and I purchased a leasehold house in Chorley. Conveyancing and Britannia mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Chorley who previously acted has long since retired. What should I do?
The first thing you should do is contact HMLR to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Chorley conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Chorley Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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How many years are left on the lease? What prohibitions are there in the Chorley Lease? Many Chorley leasehold flats will incur a service charge for maintenance of the building invoiced on behalf of the landlord. Should you buy the apartment you will have to meet this amount, normally in instalments during the year. This could be anything from a few hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all likelihood there will be a ground rent to be met yearly, this is usually not a exorbitant sum, say around £50-£100 but you need to enquire as occasionally it can be prohibitively expensive.