I am purchasing a flat and need a conveyancing solicitor in Chorleywood who is on the Barclays conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays in certain locations such as Chorleywood. We dont recommend any particular firm.
Should my solicitor be making enquiries concerning flooding as part of the conveyancing in Chorleywood.
The risk of flooding is if increasing concern for solicitors dealing with homes in Chorleywood. There are those who purchase a property in Chorleywood, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, however there are a numerous checks that may be initiated by the buyer or by their solicitors which should figure out the risks in Chorleywood. The standard completed inquiry forms supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the seller to determine if the property has historically flooded. If flooding has previously occurred which is not revealed by the vendor, then a purchaser could commence a compensation claim resulting from an misleading response. The purchaser’s lawyers should also commission an enviro search. This should higlight if there is any known flood risk. If so, further inquiries will need to be carried out.
How can the Landlord & Tenant Act 1954 impact my business property in Chorleywood and how can you help?
The 1954 Act provides protection to commercial tenants, giving them the legal entitlement to apply to court for a renewal tenancy and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Chorleywood
As co-executor for the estate of my grandmother I am disposing of a house in Monmouth but live in Chorleywood. My conveyancer (approximately 250 kilometers from meneeds me to execute a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Chorleywood who can attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Chorleywood based
I am tempted by the attractive purchase price for a two maisonettes in Chorleywood both have approximately 50 years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the saleability of the lease decreases and it becomes more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Chorleywood conveyancing firm to assist?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to decide the premium.
An example of a Lease Extension decision for a Chorleywood flat is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case was in relation to 3 flats. The number of years remaining on the existing lease(s) was 71 years.
My partner and I are acquiring a garden flat in Chorleywood. When we first instructed property lawyer, they said that they were on all mainstream mortgage company panels. Our financial adviser contacted us today to advise that they are not on the Barclays approved list. Should that be true, what should we do? Do we simply pick a new property lawyer that is on their approved list or should we pay for dual representation, with Barclays selecting their own approved conveyancer.
If you are acquiring a property needing a mortgage it is conventional for the purchaser’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's conveyancing panel. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the solicitor has to fulfill. Some building societies now insist their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should call Barclays to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Barclays's conveyancing panel and you may continue to use your own Chorleywood solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another solicitor into the equation.