Is it correct that all Chessington CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing panel?
It is true that some lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
When it comes to lenders such as Leeds Building Society, do Chessington solicitors face a yearly amount to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
Barclays have agreed my home loan in principle, my offer on a property in Chessington has been accepted, now what?
The property agent will need to know who your solicitors are (ensure that the property lawyers are on the bank’s panel). Call up Barclays or your broker and complete any appropriate documentation. Barclays will sellect a valuer who will get in touch with the estate agent or vendor to book an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Barclays will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chessington.
I used Stirling Law several years ago for my conveyancing in Chessington. I now require my papers but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Chessington of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Chessington with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not inform my solicitor about the deal as it could jeopardize my mortgage with the bank. Should I keep quiet?.
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.
I am one month into a leasehold purchase having been recommend to solicitors by the selling agent to execute conveyancing in Chessington. I am not happy. Could you you assist me in finding new lawyers?
They would need to be really bad to suggest replacing them. Has the loan offer been sent? If so you need to advise them of the new conveyancer and have the offer are re-issued. The conveyancer should be on the banks approved list to avoid escalating charges and complications. So that should be your starting point. The find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in Chessington
I am tempted by the attractive purchase price for a couple of apartments in Chessington which have about forty five years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Chessington. The lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the saleability of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is advisable to extend the lease term. It is often difficult to sell a property with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this area.
I have given up trying to purchase the freehold in Chessington. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to assess the premium.
An example of a Lease Extension decision for a Chessington residence is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case was in relation to 1 flat.
Online research suggests that Chessington solicitors are more expensive than licensed conveyancers in Chessington when it comes to buying a property. Am I better off using a conveyancer or a solicitor where I am buying for my home move in Chessington.
When it comes to conveyancing in Chessington the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.