About to place an offer on a leasehold property in Chessington. The property agents assure me that it is usual for flats in Chessington to have less than 75 years unexpired on the lease. I am expecting a mortgage with Platform. Will the property be mortgageable given that the lease has 69 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 25/11/2023 the requirements read as follows :
My solicitor has informed me that missing deeds insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Chessington?
The right level of missing deeds indemnity insurance should be dictated by who your lender. It would differ for example between Barclays and Leeds Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
We had appointed solicitors based in Chessington on the Co-operative solicitor approved list. They have just billed me an additional amount for the legal aspects of the Co-operative mortgage. Is this a supplemental conveyancing fee set by Co-operative?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer is entitled to charge a fee for this. The fee is not set by Co-operative but by your Chessington solicitor. Numerous firms on the Co-operative panel will charge ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
Clydesdale have agreed my mortgage in principle, my bid on a flat in Chessington has been agreed to, now what?
Your estate agent will wish to know who your solicitors are (be sure the solicitors are on the lender’s panel). Telephone Clydesdale or the broker and finalise any outstanding paperwork. Clydesdale will instruct a valuer who will get in contact with the selling agent or owners to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. Clydesdale will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Chessington.
I own a renovated Edwardian house in Chessington. Conveyancing practitioner acted for me and The Mortgage Works. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same property. Is it worth asking The Mortgage Works to clarify?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chessington and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing practitioner who completed the work.
I'm refinancing my current house to a buy to let loan with HSBC Bank and I will use the rest of the raised equity as a deposit on further property. The neighborhood we are looking at is Chessington. Will your conveyancers be able to act for the two banks and link together the two deals?
Do use our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Assuming that they are the solicitor will be able to connect the two deals but you should talk with you conveyancer and specify your desired outcome and requirements.
As co-executor for the estate of my grandmother I am selling a house in Cardiff but reside in Chessington. My lawyer (approximately 200 kilometers awayneeds me to execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Chessington who can attest and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are located in Chessington
Can a conveyancer remove a person from the title of my property in Chessington ?
Subtracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a lawyer