I can't travel far from Chatteris. I would like to know the reason why all Chatteris conveyancers aren't automatically on all mortgage company panels?
Lenders highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in mortgage companies purging a number of firms off their official list of approved property lawyers .
I require conveyancing for an apartment in a fairly new development (6 years old) in Chatteris. The vast majority the appartments have already been occupied. Do I need carry out the conveyancing searches for my conveyancing in Chatteris?
You are putting yourself at risk in failing carrying out Chatteris conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would strongly advise in no uncertain terms that you have them. If accelerating the process and driving down costs are top of your issues you should discuss with your solicitor about the options such as contingency insurance available to you
My wife and I are buying a flat in Chatteris. I might seem paranoid but how we can trust a lawyer? On completion day we have to put money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Does a directory service exist listing TSB panel conveyancers in Chatteris on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings open the public online. Where you are in need of a Chatteris conveyancing practitioner on the TSB please make the most of our tool.
We are getting a further advance on our home loan from Skipton as we want to conduct alterations to our property in Chatteris. Are we obliged to choose a nearby Chatteris solicitor on the Skipton conveyancing panel to deal with the paperwork?
Skipton would not normally appoint a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton list.
I own a semi-detached Georgian house in Chatteris. Conveyancing practitioner acted for me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chatteris and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing lawyer who conducted the purchase.
Just had an offer accepted on a new build apartment in Chatteris. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Chatteris
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I opted to have a survey done on a property in Chatteris ahead of appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks may not issue a loan on such a premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you e-mail 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 Chatteris. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chatteris to see if the conveyancing will be more expensive.