The solicitor who assisted with my previous purchase has quoted £1150 for fixed fee conveyancing in Chalfont St Peter. I’m selling a Edwardian house for £200,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Chalfont St Peter?
The estimate does seem marginally overpriced. If you shop around you might get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, you couldlive to regret choosing an an untested conveyancer. Remember to enquire the conveyancer can represent your lender. You can make use of our comparison tool to locate a Chalfont St Peter conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Chalfont St Peter.
We are buying a purpose built apartment in Chalfont St Peter with a homeloan from Chelsea Building Society.We use our Chalfont St Peter conveyancing solicitor but Chelsea Building Society says she’s not on their "panel". we are left little option but to use a Chelsea Building Society panel solicitor or retain our high street solicitor and fork out for a Chelsea Building Society panel lawyer to represent them. This seems very unfair; Can we not simply insist that Chelsea Building Society use our lawyer?
No, not really. The loan offered to you is subject to its various provisions, a common one being that conveyancers must be on the Chelsea Building Society solicitor panel. in the past, 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 lawyer to apply to be on the conveyancing panel for Chelsea Building Society
I have paid off my mortgage with TSB. I assume I don't need a Chalfont St Peter conveyancer on the TSB panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB 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 TSB mortgage from the register. TSB, 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 TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Chalfont St Peter bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Chalfont St Peter conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they would not lend in accordance with their published requirements. Who do I believe?
The conveyancer has to comply with the CML Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
HSBC have agreed my mortgage in principle, my offer on a apartment in Chalfont St Peter has been agreed to, what are the next steps?
The estate agent will wish to know who your solicitors are (be sure the conveyancers are on the bank’s panel). Contact HSBC or your financial adviser and complete any appropriate documentation. HSBC will appoint a valuer who will get in touch with the selling agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about ten days to get a mortgage offer. HSBC will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Chalfont St Peter.
I am buying my first flat in Chalfont St Peter with a loan from Santander. The builders would not budge the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not reveal to my lawyer about this deal as it could affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 opted to have a survey completed on a property in Chalfont St Peter in advance of retaining solicitors. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chalfont St Peter. Conveyancing will be smoother if you use a solicitor in Chalfont St Peter especially if they are acquainted with such properties in Chalfont St Peter.
I am on look out for some leasehold conveyancing in Chalfont St Peter. Before I get started I would like to find out the remaining lease term.
Assuming the lease is registered - and 99.9% are in Chalfont St Peter - then the leasehold title will always include the basic details 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 correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Chalfont St Peter. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to make a decision on the price.
An example of a Lease Extension case for a Chalfont St Peter premises is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The unexpired term was 71 years.