Can your site be used to recommend a Conveyancing solicitor in Chatteris even where I’m not buying or disposing of a house, for instance where I intend to acquire a shop in Chatteris with a loan from Skipton Building Society?
Our search tool is predominantly utilised to help choose domestic conveyancing solicitors in Chatteris but we have set out at the end of this page a few Chatteris commercial conveyancing firms. You will need to speak with the solicitors directly to see if they are also authorised to represent Skipton Building Society
I am considering remortgaging my flat in Chatteris, does my lawyer have to be on the Principality Conveyancing panel?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I have recentlyfound out that Wolstenholmes have closed. They conducted my conveyancing in Chatteris for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chatteris conveyancing specialists.
I am buying a new build house in Chatteris benefiting from help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not disclose to my conveyancer about this deal as it would put at risk my mortgage with the lender. Should I keep quiet?.
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'm remortgaging my primary house to a BTL mortgage with Yorkshire Building Society and intend to use the remaining equity as a down payment on further property. The area we are interested in is Chatteris. Will your conveyancers be able to act for both sets of mortgage companies and link together the conveyances?
Do use our comparison tool on this site to check that the conveyancers are approved by both lenders. Having checked that they are your solicitor should be able to connect the two deals but you should have a chat with you lawyer and make apparent your expectations and needs.
I am employed by a long established estate agency in Chatteris where we have experienced a number of flat sales jeopardised as a result of short leases. I have received contradictory information from local Chatteris conveyancing solicitors. Could you shed some light as to whether the owner of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I purchased a 1 bedroom flat in Chatteris, conveyancing having been completed in 1999. 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? Corresponding properties in Chatteris with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 per annum. The lease comes to an end on 21st October 2101
With just 79 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.