My partner’s step-father is a property lawyer. I am hopeful that I will receive mate’s fee for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Chesterfield?
It’s advisable to seek two or three conveyancing quotes. Do use our search tool on this site. Whilst quotes do vary but the service one can expect are distinct between conveyancers as is the case with the vast majority of professional services.
I'm the single recipient of my late mum's estate and I have everything in my name alone, including the house in Chesterfield. Conveyancing formalities meant that the Land Registry date was in August. I plan to dispose of the house. I understand that there is a CML 6 month 'rule', meaning my property ownership may be considered the same way as though I had purchased the house in August. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. Some banks would take a practical view as this clause is chiefly there to identify subsales or the quick reselling of properties.
My fiancee and I are in the throws of viewing apartments in Chesterfield and I am about to put in an offer. Is it advisable to have a lawyer on ‘stand by’? I intend to finance via a mortgage with Virgin Money.
It would be prudent to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are obtaining a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
The mortgage over my property is with Skipton for my property in Chesterfield. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Skipton?
You must advise Skipton in advance of letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. It may be that Skipton will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. It should not be necessary to do this via a Skipton conveyancing panel solicitor.
Do commercial conveyancing searches reveal proposed roadworks that could affect a commercial property in Chesterfield?
Many commercial conveyancing solicitors in Chesterfield will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Chesterfield. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chesterfield.
For each commercial conveyancing transaction in Chesterfield it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Chesterfield commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Chesterfield.
I own a semi-detached Georgian property in Chesterfield. Conveyancing solicitor acted for me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the matching address. 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chesterfield and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who conducted the work.
What does commercial conveyancing in Chesterfield cover?
Non domestic conveyancing in Chesterfield covers a broad array of services, offered by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
I am intending to sublet my leasehold apartment in Chesterfield. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
The lease dictates the relationship between the landlord and you the leaseholder; in particular, it will say if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Chesterfield do not contain strict prohibition on subletting – such a provision would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
I invested in buying a leasehold flat in Chesterfield, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Chesterfield with a long lease are worth £206,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2089
With 65 years unexpired the likely cost is going to be between £13,300 and £15,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.