We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather instruct a Chelmsford based conveyancing firm?
Do check but the the probability is that appoint one of their panel lawyers if you take up the "fee-free" deal. Call the bank and see if they allow a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Chelmsford.
This question may be naive but I am unexperienced as a first time purchaser of a garden flat in Chelmsford. Do I pick up the keys to the premises on completion from my solicitor? If this is the case, I will use a local conveyancing solicitor in Chelmsford?
On the day of completion you do not need to attend the conveyancers office in Chelmsford. Your solicitors will arrange to send the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be invited to collect the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
I have decided to exercise my right to buy my property in Chelmsford off the council. I have a mortgage offer with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
I have finally had an offer on an apartment in Chelmsford agreed to, the sellers do however have a dependent purchase. The sellers have placed an offer on a property, however it’s not yet tied up, and are looking at other properties booked. I have chosen a high street conveyancing solicitor in Chelmsford. What should be my next step? At what point should I apply for the mortgage with Coventry BS?
It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx one thousand pounds, then valuation, Chelmsford conveyancing search costs, etc). The first thing to do is ensure that your property lawyer is on the Coventry BS approved list. Regarding the subsequent stages this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. During a buoyant market some purchasers would apply for the mortgage with Coventry BS and pay for the valuation and only if it comes back ok would they ask their property lawyer to proceed with the conveyancing in Chelmsford.
What does a local search inform me regarding the property we're purchasing in Chelmsford?
Chelmsford conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for instance Onsearch The local search is essential in every Chelmsford conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
My company is intending to take over a lease of a shop on a shopping parade. Can you recommend conveyancers offering fixed fees for commercial conveyancing in Chelmsford for less than 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Chelmsford, including the disposal and acquisition of businesses as well as simply property. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right solicitor. Regarding the fees these will vary based on the structure and complexity of the deal. Let us have your details or telephone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
I have recently realised that I have Sixty One years left on my lease in Chelmsford. I need to extend my lease but my freeholder is absent. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to locate the lessor. In some cases a specialist would be helpful to try and locate and prepare an expert document to be used as evidence that the landlord can not be located. It is wise to seek advice from a solicitor in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Chelmsford.
I purchased a 2 bed flat in Chelmsford, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Chelmsford with an extended lease are worth £195,000. The ground rent is £45 levied per year. The lease terminates on 21st October 2086
With only 63 years left to run we estimate the premium for your lease extension to range between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do 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 placing reliance on this information without first getting professional advice.
My partner and I have recently had an offer agreed on a house and had meeting on Wednesday with HSBC for the mortgage. They warned us that when it comes to selecting a property lawyer that if they are not on their approved panel of solicitors then we will be subject to an an extra fee of £250+. This is is due to the fact that they would then have to instruct a conveyancer to act on their behalf in addition to the one we select for ourselves and we are liable for their fees. I have requested HSBC to send me with a list so I can seek estimates only from their approved lawyers but was told they dont have such a list to hand over. Is there a list online?
You can enquire of HSBC what their criteria for panel membership is for a solicitor.Thereafter ask the conveyancer of your choice whether they meet the criteria and have they acted on mortgages for HSBC previously. Where the answer to those is yes, then just double check with HSBC. Alternatively please make use of our search tool and we should be able to identify a conveyancer in Chelmsford on the approved list for HSBC.