I have given 8 weeks notice to my existing landlord and must vacate my let out flat in Chesham by 30/8/2024. Conveyancing on my purchase is underway. How realistic is it to complete in six weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to serve notice on a rental until you have exchanged. Assuming that you have not previously done so, notify to your lawyer and request that they seek the assistance the other side, try to get a realistic time scale from them that everyone will work to achieve
When it comes to lenders such as UBS, do Chesham conveyancing practitioners incur a yearly amount to be on the conveyancing panel?
We are unaware of any mortgage company fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Does a directory service exist listing Nationwide panel solicitors in Chesham on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association sites. A small selection of lending institutions make their panel listings open the public over the internet. If you are in need of a Chesham solicitor on the Nationwide please use our facility.
After weeks of negotiation I have agreed a price on an apartment in Chesham. My mortgage broker suggested a solicitor. I paid an upfront payment of £150. Not long after, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Nationwide 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 Nationwide 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.
five months have elapsed following my purchase conveyancing in Chesham concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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 residence 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 done on a property in Chesham ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders tend refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chesham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chesham to see if the conveyancing costs will increase in light of this.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Chesham and how can your lawyers assist?
The particular law that you refer to gives a safeguard to business tenants, giving them the right to apply to court for a new lease and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Chesham is one of the hundreds of areas of the UK in which our lawyers have offices
I dont have enough spare money to pay a 10% deposit on my house purchase in Chesham , but I still want to exchange. Do I have options?
You can accept a smaller deposit. Many property owners will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute