Why do I have to pay up front for conveyancing in Chellaston?
Where you are retaining lawyers for conveyancing in Chellaston your solicitor will ask you place them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the conveyancing searches. When the down payment is as part of the purchase price then this will be required immediately ahead of contracts are exchanged. Any further balance that is due should be sent to your lawyer shortly before completion.
We just had an offer accepted to buy with Coventry BS. I dropped in a few high street firms but am unable to find a Chellaston conveyancing firm on the Coventry BS panel. Could you assist?
You should take advantage of the search tool on this page. Pick the lender and type Chellaston or your preferred area and you will be presented with numerous solicitors located in Chellaston or by proximity to you.
A colleague advised me that if I am buying in Chellaston I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Chellaston conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Chellaston around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Chellaston Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Chellaston Education with plans and statistics, Local Amenities and other useful data about Chellaston.
It has been 3 months following my purchase conveyancing in Chellaston took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Chellaston is where the house is located. Can you offer any guidance?
Flying freeholds in Chellaston are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chellaston you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chellaston may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
There are only Seventy years unexpired on my lease in Chellaston. I now want to extend my lease but my freeholder is missing. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to track down the freeholder. In some cases a specialist would be helpful to conduct investigations and prepare an expert document which can be used as proof that the landlord can not be located. It is advisable to get professional help from a solicitor both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Chellaston.
I bought a ground floor flat in Chellaston, conveyancing formalities finalised in 1999. How much will my lease extension cost? Corresponding properties in Chellaston with an extended lease are worth £216,000. The ground rent is £50 yearly. The lease expires on 21st October 2095
With only 69 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.