We are planning to acquire a flat and require a conveyancing solicitor in Chatteris who is on the TSB conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Chatteris.
How does conveyancing in Chatteris differ for new build properties?
Most buyers of new build or newly converted property in Chatteris come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Chatteris typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chatteris or who has acted in the same development.
I am 18 days into a leasehold purchase having been directed to a firm by the estate agent to do our conveyancing in Chatteris. We are not happy. Can you you assist me in finding new conveyancers?
A solicitor would need to be really poor in order to consider replacing them. Has the mortgage been issued? In the event that it has you will need to make them aware of the new solicitor and ensure the offer are re-sent. The solicitor ideally needs to be on the banks panel to avoid escalating fees and complications. That should be your starting point. Our find a solicitor tool will help you find a lender approved lawyer for your conveyancing in Chatteris
Do you have any advice for leasehold conveyancing in Chatteris with the purpose of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Chatteris can be bypassed if you get in touch lawyers as soon as your agents start marketing the property and ask them to put together the leasehold documentation needed by the purchasers’ conveyancers. Many landlords or managing agents in Chatteris levy fees for supplying management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Chatteris. A minority of Chatteris leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If you hold a share in a the freehold, you should make sure that you hold the original share document. Arranging a replacement share certificate can be a time consuming formality and slows down many a Chatteris conveyancing transaction. If a new share is required, you should approach the company officers or managing agents (where relevant) for this at the earliest opportunity. If you have had any disputes with your freeholder or managing agents it is essential that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be warry about purchasing a flat where there is a current dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is better to present the dispute as over as opposed to unsettled.
I own a ground floor flat in Chatteris, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Chatteris with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 per annum. The lease ceases on 21st October 2104
With just 80 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
Been looking for a conveyancing practitioner for leasehold sale conveyancing in Chatteris. We are selling, uncomplicated no mortgage to discharge, no hurry, currently vacant. Got an estimate from a property lawyer for £900 excluding VAT which is a tad steep given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Chatteris?
Given that it’s a sale only, £450 + VAT would be about the cheapest for sale conveyancing in Chatteris.