Why would I use a Eltham conveyancing company when online conveyancers are cheap by comparison?
By all means make sure that you compare conveyancing costs in Eltham and you should seek an affordable fee calculation but don’t become consumed with searching for the lowest priced Eltham conveyancer. Finding the right conveyancer can be the difference between a seamless and a distressing move. You need to ensure that you have expert advice from an experienced lawyer. Emails can't take the place of a phone conversation and are no substitute for a one to one meeting. The firms that we work with will appoint you a qualified and experienced conveyancing solicitor that will tackle your conveyancing from beginning to end, providing a level of personalised service that you will never get with an internet conveyancer. Our lawyers will contact you regularly to update you on headway and keep you informed. If you ever need to call the office you will know who to ask for and they will be sure you're not left wondering what's going on.
I am the registered owner of a freehold house in Eltham but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Eltham and has limited impact for conveyancing in Eltham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
About to place an offer on a leasehold property in Eltham. The estate agents assure me that it is standard for flats in Eltham to have less than 75 years remaining. I am obtaining a loan with Chelsea Building Society. Is this going to be acceptable if the lease has 69 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/1/2020 the requirements read as follows :
I have been told that property searches are the main reason for obstruction in Eltham house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Eltham.
I moved into my home on 12 May and the transaction details is not yet registered. Need I be worried? My conveyancing solicitor in Eltham expressed confidence that it should be concluded in a couple of weeks. Are transfers in Eltham uniquely lengthy to register?
There is nothing unique about conveyancing in Eltham registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any 3rd parties. Currently approximately three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be longer delays. Historically registration is effected once the buyer has moved in to the property therefore post completion formalities is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
Due to the input of my in-laws I had a survey completed on a property in Eltham before appointing lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some lenders will refuse to grant a loan on this type of house.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Eltham. Conveyancing may be slightly more expensive based on your lender's requirements.