Due to the advice of my in-laws I had a survey completed on a house in Chadwell St Mary prior to appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chadwell St Mary. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Chadwell St Mary and I am already nervous. I couldn't find anything specific about Chadwell St Mary. Conveyancing will be needed in due course but do you know about the Chadwell St Mary area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chadwell St Mary. In the meantime here are some basic statistics that we found
I need to find a conveyancing solicitor for my conveyancing in Chadwell St Mary. I've stumble across a web site which seems to have the ideal offering If there is a chance to get all this stuff done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great price which is making it all the more appealing. I have just found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Chadwell St Mary. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Chadwell St Mary ?
The majority of houses in Chadwell St Mary are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Chadwell St Mary in which case you should be looking for a Chadwell St Mary conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your lawyer will appraise you on the various issues.
I invested in buying a ground floor flat in Chadwell St Mary, conveyancing having been completed 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Chadwell St Mary with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 invoiced every year. The lease finishes on 21st October 2080
With just 56 years unexpired we estimate the premium for your lease extension to range between £29,500 and £34,000 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
What type of premises does your Chadwell St Mary conveyancing quotes relate to?
Our conveyancing quotes are only applicable to standard residential property in England & Wales. Where you have any different requirements such as industrial or agricultural land or commercial conveyancing in Chadwell St Mary you should telephone us to consider this further .