It may have been a long time coming a loan agreement from HSBC for the refinancing of my 4 bedroom maisonette is expected within the next few days. Can you suggest a low cost conveyancing solicitor in Chesterton?

You are on the wrong site if you are seeking the lowest fares for conveyancing solicitors in Chesterton. We can offer you value for money conveyancing but our intention is not to advertise as being the cheapest. Do not be swayed by organisations teasing you with £100 conveyancing in Chesterton. The optimum result, in deciding on cheap conveyancing, you will receive what you pay for and at worst it will result in you with a surprising uplift in additional fees and still not receive the service you were looking for.

Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a residence in Chesterton?

Unless a prior purchase of the house completed after 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in Chesterton to remain recommending a chancel search and or insurance against a claim.

It has been four months following my purchase conveyancing in Chesterton took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am tempted by the attractive purchase price for a couple of apartments in Chesterton which have approximately forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Chesterton. The lease is a right to use the property for a prescribed time frame. As the lease shortens the saleability of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is advisable to extend the lease term. It is often difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field.

Leasehold Conveyancing in Chesterton - Sample of Questions you should ask before buying

Where a Chesterton lease has less than eighty years it will impact the marketability of the flat. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of what this will be. For most Chestertonlease extensions you would need to own the residence for a couple of years before you are eligible to carry out a lease extension. What is the maintenance charge and ground rent on the apartment? Are there any major works anticipated that will likely add a premium to the maintenance costs?

Do I cancel my mortgage payments with Barclays once a completion date for my home sale in Chesterton has been set?

No, you must continue paying any mortgage payments to Barclays until the mortgage is repaid on completion as part of your Chesterton conveyancing.