I require conveyancing for an apartment in a relatively new development (6 years built) in Chatteris. 95% of the properties are already sold. Do I need carry out the neighbourhood searches as part of conveyancing in Chatteris?
Where you are obtaining a loan, your lender will insist on some (many) of the searches so you'll have no choice. If not, then Chatteris conveyancing searches are optional. Your solicitor, will ’encourage’, perhaps in the strongest possible terms, that you should not go ahead without searches, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you demand that your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Chatteris.
Finally the sale completed on my house in Chatteris last July but the buyer keeps texting me to say her lawyer is waiting to hear from mine. What should have happened following completion?
Following your sale your conveyancer is committed to forward the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer must also send confirmation that the home loan has been discharged to the buyers solicitors. There are no post completion tasks peculiar conveyancing in Chatteris.
Is it the case that all Chatteris conveyancing solicitors on the Skipton conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Skipton approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some banks do list licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
After weeks of negotiation I have agreed a price on a house in Chatteris. My financial adviser recommended their conveyancers. I paid an on account payment of £225. A few days later, the property lawyer called me embarrassingly acknowledging that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Co-operative have agreed my mortgage in principle, my bid on a house in Chatteris has been accepted, what happens next?
Your estate agent will wish to be advised as to your solicitor's details (be sure the conveyancers are on the lender’s panel). Call up Co-operative or your broker and finalise any appropriate forms. Co-operative will instruct a valuer who will get in touch with the estate agent or owners to book an appointment. Once conducted (assuming no problems) it takes approximately a fortnight to get a mortgage offer. Co-operative will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Chatteris.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chatteris. Conveyancing is necessary evil 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 legal work.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Chatteris
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. 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. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Should I instruct a Chatteris conveyancing lawyer based in the location that I am buying? We have a good friend who can perform the legal work however her office is approximately 350kilometers drive away.
The benefit of a high street Chatteris conveyancing firm is that you can pop in to execute paperwork, deliver your identification documents and pester them if necessary. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were content that must surpass using an unknown Chatteris conveyancing solicitor just because they are local.
I own a leasehold flat in Chatteris. Conveyancing and Lloyds TSB Bank mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Chatteris who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is indeed the new freeholder. You do not need to instruct a Chatteris conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a 1 bedroom flat in Chatteris, conveyancing formalities finalised in 2000. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Chatteris with a long lease are worth £165,000. The average or mid-range amount of ground rent is £50 per annum. The lease comes to an end on 21st October 2100
With only 77 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.