Me and my partner are soon to exchange buying a property in Chaddesden but as a consequence of damage from the recent storms I have was able negotiate reparation from the seller of £2k in the form of a adjustment in the price. This was going to be dealt with as part of a side agreement but Clydesdale are not allowing this. Why were they informed?

The solicitor that is on the Clydesdale conveyancing panel is duty bound to advise Clydesdale of any changes to the purchase price. If you were to refuse your conveyancing practitioner to report the reduction to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new conveyancer for your conveyancing in Chaddesden.

What is the difference between a licensed conveyancer and conveyancing solicitor in Chaddesden

There are many recorded licenced Conveyancers in Chaddesden and Solicitor partnerships in Chaddesden offering conveyancing It is important to make clear that both are regulated professionals specialising in the legal work in transferring property. The two can deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I happen to be the only beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Chaddesden. The Chaddesden property was put into my name in October. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my property ownership will be regarded the same way as if I'd bought the house in October. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook obliges solicitors 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 obligation is chiefly there to identify the purchase and immediately sell or the quick reselling of properties.

It is not clear whether my lender requires a lease extension. I have called into my local Chaddesden building society branch on numerous occasions and was told it wasn't a problem and they will lend. My Chaddesden conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.

The property lawyer must follow the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

Due to the input of my in-laws I had a survey completed on a property in Chaddesden ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will not grant a mortgage on this type of house.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chaddesden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chaddesden to see if the conveyancing costs will increase in light of this.

Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £200,000 garden flat in Chaddesden next week. The freeholder has quoted £372 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Chaddesden?

Chaddesden conveyancing on leasehold apartments more often than not involves the buyer’s conveyancer submitting questions for the landlord to address. Although the landlord is under no legal obligation to address such questions most will be willing to do so. They are at liberty to charge a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The administration charge required by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration fees, without which the invoice is technically not due. In reality you have little option but to pay whatever is demanded if you want to sell the property.

Leasehold Conveyancing in Chaddesden - Sample of Questions you should consider Prior to buying

You should be aware that where the lease has less than 80 years it will impact the marketability of the flat. It is worth checking with your bank that they are happy with the length of the lease. A short lease means that you will probably have to extend the lease at some point and you need to have some idea of how much this would cost. Remember, in most cases you will be required to have been the owner of the property for 24 months in order to be legally able to extend the lease. Is the freehold reversion owned jointly by the tenants? It is important to be aware whether redecorating or some other significant cost is coming up that will be shared between the leaseholders and will dramatically increase the the service costs or necessitate a specific invoice.

My plan is to acquire a ground floor flat in Chaddesden. Conveyancing solicitor is awaiting, from the seller, building insurance documents. I was told today I was advised that the vendor needs to send the insurance paperwork for the flat above also. Why would my conveyancer want to see the insurance for the flat above? Is it really required? We have been waiting for the previous three weeks…

It is not unheard of in leasehold conveyancing in Chaddesden to discover Conveyancing in Chaddesden in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the landlord insuring the whole block - which is clearly preferable. Do double check with your lawyer but it would seem that your solicitor is seeking to establish that the complete building is insured. Insuring a ground floor residence is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated due to lack of insurance.