In the event thatI were to acquire a freehold homein Chester for cash and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Chester?
The only reduction in fees you would make on is the costs for searches. The conveyancer is obliged to do the vast majority of work - money laundering, liaising with your sellers solicitor, stamp duty return, register the title etc. You might save a bit for them not needing to register a charge however it will not be meaningful.
I am assisting my sister sell her flat in Chester. Does the conveyancer commission an energy assessment or it is for the owner to see to?
After the abolition of Home Information Packs, EPC’s was kept a mandatory component of moving house. An energy performance certificate must be commissioned in advance of the property being placed on the market. It is not a task that lawyers ordinarily organise. Where you are using a Chester conveyancing lawyer they may be able to arrange energy assessments given their contacts with long established local accredited person
I just acquired a house at auction in Chester. Conveyancing is required. What happens now?
Now that you have exchanged you must appoint a conveyancing lawyer soon as you are facing a fast approaching a fixed date to complete the property. Every auction property should have an associated legal set of papers. This will likely include most,if not all of the paperwork that your conveyancer will need. In the case of leasehold premises the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You need to give this to the conveyancer instructed by you ASAP. Do make sure that you have funds organised to complete the transaction on the set completion date.
I have decided to exercise my right to buy my property in Chester off the council. I have a mortgage agreed with Skipton. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
three months have gone by following my purchase conveyancing in Chester concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Chester is the location of the property. Can you shed any light on this issue?
Flying freeholds in Chester are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chester you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chester may determine 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 premises.
We're novice buyers - agreed a price, yet the property agent informed us that the owners will only move forward if we instruct the agent's chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a family solicitor with experience of conveyancing in Chester
We suspect that the owner is not behind this request. Should the vendor require ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to instruct your preferred Chester conveyancing solicitors - rather thanthe ones that will earn the estate agent a referral fee or achieve conveyancing figures demanded by corporate headquarters.
I wish to sublet my leasehold flat in Chester. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Your lease governs relations between the freeholder and you the flat owner; in particular, it will set out if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Chester do not contain an absolute prevention of subletting – such a clause would undoubtedly devalue the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
I inherited a ground floor flat in Chester, conveyancing formalities finalised in 1996. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Chester with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2100
With 76 years remaining on your lease we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.