My wife and I are purchasing a brand new flat in Chessington and my lawyer is telling me that she is duty bound to the bank to reveal incentives from the seller. I am on a tight deadline to exchange and I don't want to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
It is is a decade since I bought my home in Chessington. Conveyancing lawyers have now been instructed on the sale but I am unable to track down the title documents. Is this a major issue?
You need not be too concerned. Firstly the deeds may be with the lender or they may stored with the conveyancers who handled the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. Almost all conveyancing in Chessington relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is resolvable.
My partner and I are planning on selling our home in Chessington and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers are using a web based conveyancing practice rather than a conveyancing solicitor in Chessington. We have lived in Chessington for 4 years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing firm already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Chessington differ for newly converted properties?
Most buyers of new build residence in Chessington come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Chessington tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chessington or who has acted in the same development.
I am downsizing from my property. My past solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Chessington if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Chessington. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
My parents cant seem to find their Chessington land registry title on the website. They have a vague memory back in the 60’s when they bought the property there were complications regarding the post code not being recognised in some systems.
The vast majority of premises in Chessington should be revealed. Have you endevoured to search to just the postcode. Usually it will mention all the premises inside the postcode. Assuming the property is recorded it will show up with a title number. If they bought back in the 70’s it's conceivable it may be unrecorded. The property may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title documentation which could be with your parent’s lender.