I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Bickley. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 5/4/2020, the requirements read as follows :
2 months have gone by since my purchase conveyancing in Bickley completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 property 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've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Bickley is where the house is located. What do you suggest?
Flying freeholds in Bickley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bickley you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bickley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My uncle has encouraged me to instruct his conveyancing solicitors in Bickley. Do I take his advice?
There are no two ways about it the best way to find a conveyancing lawyer is to have referrals from friends or family who have actually used the solicitor that you are contemplating using.
I am in need of some leasehold conveyancing in Bickley. Before I get started I require certainty as to the remaining lease term.
Assuming the lease is registered - and almost all are in Bickley - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
After years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Bickley. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Bickley conveyancing firm who can help.
An example of a Lease Extension decision for a Bickley property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The unexpired term as at the valuation date was 50.57 years.
We have been told by many friends to expect 6-8 weeks for Bickley conveyancing to complete.This was a month ago. The draft contract was only received to my property lawyer yesterday so does the clock start running now?
Six to eight weeks is an extremely approximate timescale. Giving assurances as to precisely how how many weeks Bickley conveyancing will take is virtually impossible. Every Bickley conveyancing transaction has it’s specific set of concerns. As a result your lawyer should be unwilling to guarantee an exact timeframe to conclude your conveyancing in Bickley.