Finally the sale completed on my house in Chelsea last September yet the purchaser is texting me to moan that his lawyer is waiting to hear from mine. What should have happened now that I have sold?
Following your sale your solicitor is committed to forward the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your conveyancer must also confirm that the mortgage has been paid off to the purchasers conveyancers. There are no post completion requirements specific conveyancing in Chelsea.
I am assisting my step-mother sell her house in Chelsea. Does the solicitor arrange the EPC or do I organise this?
Following the abolition of Home Packs, energy performance certificates became a compulsory element of moving property. An energy assessment needs to be to hand before the property is advertised. This is not something that solicitors normally organise. If you are instructing a Chelsea conveyancing solicitor they may be willing to arrange EPC’s due to their contacts with reputable local accredited person
I happen to be the sole recipient of my late grandmother’s will and I have everything in my name now, including the my former home in Chelsea. Conveyancing formalities meant that the Land Registry date was in September. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my proprietorship may be treated the same way as though I had purchased the property in September. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. Some lenders would take a practical view as this provision is primarily there to capture subsales or the flipping of properties.
Coventry BS have agreed my mortgage in principle, my offer on a flat in Chelsea has been accepted, now what?
Your property agent will need to know who your solicitors are (make sure the conveyancing practitioners are on the lender’s approved list). Telephone Coventry BS or your broker and finalise any appropriate forms. Coventry BS will sellect a valuer who will get in contact with the estate agent or vendor to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Coventry BS will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chelsea.
I have been told that property searches are the number one reason for hinderance in Chelsea conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Chelsea.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Chelsea is the location of the property. What do you suggest?
Flying freeholds in Chelsea are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chelsea you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chelsea may decide 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.
We're first time buyers - agreed a price, but the agent informed us that the owners will only proceed if we instruct the agent's recommended lawyers as they want an ‘expedited deal’. We would rather use a high street solicitor used to conveyancing in Chelsea
It is unlikely the owners are behind this. If they desire ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and explain that (a)you are motivated purchasers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Chelsea conveyancing solicitors - not the ones that will provide their estate agent a referral fee or achieve conveyancing figures demanded by HQ.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.