My husband and I are approaching an exchange on a property in Chertsey and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now advised that as the deposit has not arrived from me my conveyancer needs to make a notification to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
The conveyancing practitioner is duty bound to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We're in Chertsey, First time buyers purchasing with a mortgage (lender is Yorkshire BS , and our lawyer is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Have purchased a a semi-detached house in Chertsey , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Chertsey conveyancing solicitor has been very slow, so I want to check that my name is recorded.
There is nothing unique when it comes to conveyancing in Chertsey registration formalities. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any 3rd persons or bodies. At present roughly 80% of submission are completed in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place once the new owner has moved in to the property thus an expedited registration is not always primary concern but if there is a degree of urgency associated with the registration then you or your solicitor must speak with the land registry and explain the circumstances.
Due to the advice of my in-laws I had a survey completed on a property in Chertsey prior to retaining solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may not issue a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chertsey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chertsey to see if the conveyancing costs will increase in light of this.
I am a sole trader planning to take over a lease of a shop on the high street. Can you recommend conveyancers offering no-move-no costs for commercial conveyancing in Chertsey for below 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Chertsey, including the disposal and purchase of businesses as well as simply property. If you are hoping to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. As for the charges this will depend on the structure and terms of the deal. Please provide us with your contact information or telephone us so that we can supply you with comprehensive commercial conveyancing quote.
Do you have any top tips for leasehold conveyancing in Chertsey with the intention of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Chertsey can be reduced where you get in touch lawyers as soon as your agents start marketing the property and ask them to collate the leasehold documentation which will be required by the buyers’ conveyancers. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check via your lawyers. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is below 80 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. Some Chertsey leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain 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. If you hold a share in a the Management Company, you should ensure that you are holding the original share certificate. Obtaining a re-issued share certificate can be a lengthy process and delays many a Chertsey conveyancing transaction. Where a reissued share is necessary, you should approach the company director and secretary or managing agents (if applicable) for this at the earliest opportunity.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Chertsey conveyancing firm to help?
Absolutely. We can put you in touch with a Chertsey conveyancing firm who can help.
An example of a Lease Extension case for a Chertsey residence is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The unexpired term as at the valuation date was 82.93 years.