AssumingI was to buy a simple residential homein Chelsea mortgage fee and dispense with a survey and no local authority searches how much could I expect to have to pay for conveyancing in Chelsea?
The only saving you would achieve is the Chelsea conveyancing searches. The conveyancer is required to do the vast majority of work - money laundering, liaising with the vendors conveyancer, SDLT return, register the property etc. You might save a bit for them not having to register a mortgage however it won't be a lot.
Having sold my house in Chelsea last March but our buyer keeps Skype messaging me complaining that his conveyancer is waiting to hear from mine. What are the post completion sale legalities following completion?
After completion of your sale your lawyer should send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also send confirmation that the mortgage has been discharged to the purchasers conveyancers. There is unlikely to be post completion procedures unique to conveyancing in Chelsea.
I am expecting a AIP from Nottingham this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nottingham recommend any Chelsea solicitors on the Nottingham conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Chelsea solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
My wife and I are spending time viewing apartments in Chelsea and I am about to put in an offer. Is it wise to have my solicitor on ‘stand by’? I will be getting a home loan with Clydesdale.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are getting a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
After weeks of negotiation I have agreed a price on an apartment in Chelsea. My financial adviser recommended their conveyancers. I paid an advanced payment of £150. Shortly after, the lawyer called me embarrassingly acknowledging that they were not on the Kent Reliance 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 Kent Reliance 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.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The lawyers who dealt with the conveyancing in Chelsea 10 years ago are no longer around. What do I do?
Gone are the days when you need to hold title original deeds to evidence that you are the registered proprietor of land or property, given that the Land Registry have everything they need in a digital format.
I'm buying my first flat in Chelsea benefiting from help to buy. The developers refused to move on the amount so I negotiated 6k of additionals instead. The sale representative suggested that I not reveal to my lawyer about this side-deal as it will adversely affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
My wife and I are purchasing a ground floor flat in Chelsea. When we first instructed conveyancer, we were told they were on all mainstream lender panels. Our financial adviser called just now to say that they are not on the Co-operative approved list. Were it to be true, what should we do? Should we just pick a different property lawyer that is on their panel or do we cover the costs for separate representation, with Co-operative appointing their own preferred lawyer.
When buying a property with the benefit of a mortgage it is usual for the purchaser’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict conditions which the property lawyer has to satisfy. Some lenders now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact Co-operative and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Co-operative's conveyancing panel as you are at liberty to use your preferred Chelsea lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.