We selected a high street firm for my conveyancing in Chislehurst today. Upon checking the Terms I seeI am responsible for charges even if our purchase doesn't happen. Should I ditch them and choose a web based lawyer promising no move no charge conveyancing in Chislehurst?
It is usually ‘give and take’ in that if "No Sale No Fee" is advertised then the fee levels will tend to be be more expensive to neutralise the transactions that abort. Dont forget that such schemes rarely protect you from expenditure such your Chislehurst conveyancing search charges.
Is there a reason why leasehold purchase conveyancing in Chislehurst costs more?
Chislehurst leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My Conveyancer in Chislehurst is not listed on the Alliance & Leicester Approved Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the Alliance & Leicester approved list?
Your options are as follows:
- Carry on with your existing Chislehurst solicitors but Alliance & Leicester will need to use a solicitor on their list of acceptable firms. This will result in additional total legal charges and cause frustration.
- Choose an alternative lawyer to act in the conveyancing, obviously checking they are Convince your lawyer to use their best endeavours to join the Alliance & Leicester conveyancing panel
I'm buying my first flat in Chislehurst with a mortgage from Norwich and Peterborough Building Society. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not to tell my conveyancer about this extras as it may put at risk my mortgage with Norwich and Peterborough Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How can the Landlord & Tenant Act 1954 impact my business premises in Chislehurst and how can you help?
The 1954 Act gives protection to commercial leaseholders, giving them the dueness to make a request to court for a renewal lease and remain in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Chislehurst
I have just appointed agents to market my 2 bed flat in Chislehurst. Conveyancing is yet to be initiated, but I have just received a quarterly service charge demand – Do I pay up?
The sensible thing to do is discharge the service charge as you normally would because all rents and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies 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. Having a clear account will assist your cause and will leave you no worse off financially.
Despite our best efforts, we have been unsuccessful in trying to purchase the freehold in Chislehurst. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a Chislehurst conveyancing firm who can help.
An example of a Lease Extension decision for a Chislehurst flat is 70 Andace Park Gardens 133-149 Widmore Road in November 2013. Tribunal determined that the premium payable for the lease extension was £10,052 This case was in relation to 1 flat. The remaining number of years on the lease was 72 years.