Me and my partner are buying a 1 bedroom flat in Chaddesden with a mortgage. We like our Chaddesden lawyer, however the bank says he's not on their "panel". It appears that we have no choice but to instruct one of the mortgage company panel solicitors or retain our Chaddesden conveyancer and pay for one of their panel ones to represent them. We consider that this is unjust; can we not require that the lender use our Chaddesden lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Chaddesden conveyancing lawyer to apply to be on the conveyancing panel.
It is 10 years ago since I bought my house in Chaddesden. Conveyancing solicitors have recently been appointed on the sale but I am unable to find the title deeds. Is this a problem?
Don’t worry too much. Firstly the deeds may be retained by the lender or they could be archived with the solicitor who handled your purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Almost all conveyancing in Chaddesden involves registered property but in the rare situation where your property is not registered it is more problematic but is not insurmountable.
I understand that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a property in Chaddesden? or I am told that there is an ancient law that means some house owners living in a parish church boundary will be compelled to contribute towards repairs towards the chancel within the church. Is this relevant for conveyancing in Chaddesden?
Unless a prior purchase of the property took place post 12 October 2013 you may assume that solicitors delivering conveyancing in Chaddesden to remain recommending a chancel search and or chancel repair liability policy.
I am buying my first flat in Chaddesden with a mortgage from Virgin Money. The builders refused to move on the price so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my lawyer about the deal as it would impact my mortgage with Virgin Money. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a house in Chaddesden prior to appointing lawyers. I have been told that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will refuse to give a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chaddesden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chaddesden to see if the conveyancing will be more expensive.
Hoping to buy a property located in Chaddesden and I am already nervous. I couldn't find anything specific about Chaddesden. Conveyancing will be needed in due course but do you know about the Chaddesden area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chaddesden. In the meantime here are some basic statistics that we found