We are approaching an exchange on a house in Chesham and my mum and dad have sent the exchange deposit to my solicitor. I am now informed that as the deposit has not arrived from me my solicitor needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is legally required to check with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I need some quick conveyancing in Chesham as I am under pressure to complete in less than 3 weeks. Luckily I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you have the choice not to have searches conducted although no law firm would suggest that you don't. With plenty of history conveyancing in Chesham the following are instances of issues that can appear and adversely impact future saleability: Enforcement Actions, Overdue Fees, Outstanding Grants, Unadopted Roads,...
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Chesham is the location of the property. Can you offer any opinion?
Flying freeholds in Chesham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chesham you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chesham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing practitioner in Chesham for my house move. Is there any facility to see a solicitor's complaints history with the profession’s regulator?
You can see presented Solicitor Regulator Association (SRA) decisions arising from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training reasons.
Do you have any top tips for leasehold conveyancing in Chesham with the intention of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Chesham can be bypassed where you get in touch lawyers as soon as your agents start marketing the property and request that they start to put together the leasehold information needed by the purchasers’ solicitors. If there is a history of any disputes with your landlord or managing agents it is essential that these are settled prior to the flat being put on the market. The buyers and their solicitors will be nervous about purchasing a flat where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. 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 clearly preferable to present the dispute as historic rather than ongoing. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share certificate. Organising a new share certificate is often a time consuming process and frustrates many a Chesham home move. Where a new share certificate is necessary, you should approach the company director and secretary or managing agents (if relevant) for this sooner rather than later. In the event that you altered the property did you need the Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Chesham state that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord acquiescing to such alterations. Should you dont have the paperwork to hand do not contact the landlord without contacting your solicitor in the first instance.
I am the registered owner of a basement flat in Chesham, conveyancing was carried out in 2006. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Chesham with an extended lease are worth £227,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2096
With just 72 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.