Is there a reason why leasehold purchase conveyancing in Chorley is more expensive?
Chorley leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My property lawyer in Chorley is not listed on the Leeds Building Society Solicitor Panel. Can I still continue with my prefered solicitor notwithstanding that they are not on the Leeds Building Society list of approved lawyers?
Your options are as follows:
- Carry on with your existing Chorley lawyers but Leeds Building Society will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the total legal fees as well as result in delays.
- Get an alternative practitioner to to deal with the conveyancing, obviously checking they are on the Leeds Building Society panel
Will our solicitor be raising enquiries about flooding during the conveyancing in Chorley.
Flooding is a growing risk for solicitors carrying out conveyancing in Chorley. There are those who buy a house in Chorley, completely aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, however there are a number of checks that can be initiated by the purchaser or by their lawyers which should give them a better appreciation of the risks in Chorley. The conventional set of information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the vendor to determine whether the property has suffered from flooding. In the event that the residence has been flooded in past which is not revealed by the vendor, then a buyer may commence a claim for damages resulting from an misleading response. The purchaser’s conveyancers should also carry out an enviro report. This should indicate whether there is any known flood risk. If so, further inquiries should be made.
3 months have elapsed following my purchase conveyancing in Chorley took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm refinancing my current home to a buy to let loan with Norwich and Peterborough Building Society and I will use the rest of the raised equity as a down payment on further property. The location we are looking at is Chorley. Will your lawyers be able to act for both sets of mortgage companies and link together the transactions?
Do use our search tool on this page to ensure that the lawyers are approved by both banks. On the basis that they are your conveyancer will be able to connect the two conveyancing matters but you should talk with you solicitor and make apparent your desired outcome and requirements.
My husband and I are first time buyers - agreed a price, yet the property agent advised that the seller will only issue a contract if we use their chosen lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Chorley
We suspect that the owner is not behind this demand. If they require ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Chorley conveyancing firm - not the ones that will earn the negotiator at the agency a introducer fee or hit his conveyancing thresholds set by HQ.