Some advice if I may. My Chalk Farm conveyancer is informing me me that he has toapply for Chalk Farm conveyancing searches asthe firm are on the HSBCsolicitor panel. These Chalk Farm searches cost a lot of money can this be avoided?
You have limited options available to you. As you are taking a mortgage with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Chalk Farm conveyancing searches.
My partner and I are close to exchanging contracts on the sale of our property in Chalk Farm and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the buyers used an internet conveyancing practice rather than a conveyancing solicitor in Chalk Farm. We have lived in Chalk Farm for three years we know that this is a non issue. Do we contact our local Authority to get confirmation need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
It has been five months following my purchase conveyancing in Chalk Farm completed. I have checked the Land Registry site which shows that I paid £200,000 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 premises 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.
Is it possible to transfer to a new solicitor as I have to appoint a firm on the TSB conveyancing panel. I hired a family conveyancing solicitor in Chalk Farm round the corner but he is not accepted by TSB
We will our best to assist in finding you a conveyancing solicitor in Chalk Farm on the TSB panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Chalk Farm. In making use of the find a conveyancing solicitor tool on this page, you can scrutinise costs for conveyancing solicitors in Chalk Farm and beyond.
I have just appointed agents to market my garden apartment in Chalk Farm. Conveyancing is yet to be initiated, however I have recently had a quarterly maintenance charge demand – Do I pay up?
It best that you clear the service charge as usual given that all ground rent and service payments will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Chalk Farm. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to determine the amount due.
An example of a Lease Extension case for a Chalk Farm flat is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case affected 1 flat. The number of years remaining on the existing lease(s) was 64.77 years.
When it comes to my conveyancing in Chalk Farm should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Chalk Farm conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.