Is there a reason to appoint a Chelsea conveyancing company given that web based conveyancers are easier on the wallet?
Its a good idea to get 2 or 3 like-for-like quotes for conveyancing costs in Chelsea and you should seek a reasonable fee calculation but don’t waste your energy getting the cheapest Chelsea conveyancer. Appointing the right conveyancer can be the difference between a smooth and a frustrating home move. You need to ensure that you have expert advice from a trusted lawyer. An e-mail can never be as helpful as a phone call and can never replicate a face to face meeting. The firms that we work with will appoint you a qualified and top rated conveyancing solicitor who can deal with your conveyancing from beginning to end, giving the sort of personalised service that you are unlikely to received from an internet conveyancer. Our lawyers will keep you updated on any developments and keep you informed. If you ever need to call the firm you will know who to ask for and they will ensure you are kept fully informed.
My bid for a property was accepted at auction in Chelsea. Conveyancing is necessary. What are my next steps?
Having exchanged you will need to choose a conveyancing lawyer as a matter of urgency as you will have a tight a drop dead date to complete the transaction. Every auction property will ordinarily have a bespoke legal set of papers. This should include most,if not all of the documents that your conveyancer will need. Where you are dealing with leasehold premises the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to a leasehold property. You need to give this to the conveyancer working for you as soon as possible. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Chelsea building society branch on a couple of occasions and was told it wasn't a problem and they will lend. My Chelsea conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer must comply with the Council of Mortgage Lenders’ Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am due to exchange contracts on my flat. I had a double glazing fitted in April 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, HSBC are being a right pain. The Chelsea solicitor who is on the HSBC conveyancing panel is saying indemnity insurance will be fine but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
four months have gone by since my purchase conveyancing in Chelsea took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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.
I decided to have a survey completed on a property in Chelsea before retaining solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some banks will not grant a mortgage on this type of home.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chelsea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chelsea to see if the conveyancing will be more expensive.
What does commercial conveyancing in Chelsea cover?
Chelsea conveyancing for business premises covers a broad range of services, offered by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Having had my offer accepted I require leasehold conveyancing in Chelsea. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is registered - and 99.9% are in Chelsea - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have given up trying to purchase the freehold in Chelsea. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to calculate the price.
An example of a Lease Extension matter before the tribunal for a Chelsea flat is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case affected 1 flat. The unexpired residue of the current lease was 57.06 years.