IfI were to buy a freehold homein Chesterfield mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Chesterfield?
The only reduction in fees you would make on is the costs for searches. The solicitor is obliged to do the vast majority of work - money laundering, liaising with your sellers conveyancing practitioner, SDLT submission, register the title etc. You might save a bit for them not needing to register a mortgage but it won't be meaningful.
I have todaybeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Chesterfield for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chesterfield conveyancing specialists.
About to purchase a new build apartment in Chesterfield. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chesterfield
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision.
We're FTB’s - agreed a price, but the selling agent told us that the seller will only proceed if we use the agent's recommended conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a family solicitor who is familiar with conveyancing in Chesterfield
It is improbable the sellers are driving this. If they want ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make sure they understand (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to use your preferred Chesterfield conveyancing solicitors - rather thanthose that will give the negotiator at the agency a commission or hit his conveyancing targets set by head office.
What advice can you give us when it comes to appointing a Chesterfield conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Chesterfield conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Chesterfield conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
How many lease extensions have they carried out in Chesterfield in the last twenty four months? What are the legal fees for lease extension work?
I inherited a leasehold flat in Chesterfield, conveyancing formalities finalised 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Chesterfield with a long lease are worth £216,000. The ground rent is £50 per annum. The lease ends on 21st October 2091
With only 69 years remaining on your lease we estimate the price of your lease extension to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
Estate agents have just been given the go-ahead to market my ground floor apartment in Chesterfield.Conveyancing is yet to be initiated however I have just had a yearly service charge demand – Do I pay up?
The sensible thing to do is clear the invoice as you normally would as all rents and service payments should be apportionedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process