I am helping my sister sell her property in Chorleywood. Does the conveyancer order the EPC or do I organise this?
After the demise of HIPs, energy assessments was maintained a mandatory element of moving house. An energy assessment must be to hand prior to the property being placed on the market. This is not a task that law firms normally arrange. If you are using a Chorleywood conveyancing lawyer they might be able to arrange energy performance certificates due to their relationships with reputable Chorleywood providers
I have paid off my mortgage with Nottingham. I assume I don't need a Chorleywood property lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I currently have a mortgage with Nationwide for my property in Chorleywood. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nationwide?
Your original mortgage agreement with Nationwide will provide that you need their approval prior to letting out your property as this is likely to be a breach of Nationwide’s mortgage conditions. It may be that Nationwide will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. You need not do this via a Nationwide conveyancing panel firm.
Various internet forums that I have come across warn that are a common reason for stalling in Chorleywood conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Chorleywood.
The estate agent has sent us the confirmation of our purchase of a new build flat in Chorleywood. 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 is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Chorleywood
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared.
I am looking for a flat up to £305k and identified one near me in Chorleywood I like with a park and station in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Chorleywood for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I am looking into buying my first house which is in Chorleywood and I am already nervous. I couldn't find anything specific about Chorleywood. Conveyancing will be needed in due course but do you know about the Chorleywood area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chorleywood. In the meantime here are some basic statistics that we found
How does one remove a departed person's details from the title deeds for a property in Chorleywood?
If a Chorleywood property is jointly owned and one of the proprietors dies, their name will not immediately be removed from the Land Registry title. It is not necessary to amend the title as in the event of a sale you would just be required to supply proof why the joint proprietor is not included in the contract, such as a grant of probate.
With the aim of making things simpler in the future you may apply to have the deceased name erased from the title by submitting an application to HMLR with proof of the death. There is no land registry fee payable.