I am currently in the process of buying my council flat in Chalk Farm. I have a mortgage offer with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
Intending to buy a apartment in Chalk Farm. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chalk Farm property lawyer is on the HSBC conveyancing panel.
Yorkshire BS have agreed my home loan in principle, my offer on a property in Chalk Farm has been agreed to, what happens next?
The estate agent will wish to know who your solicitors are (ensure that the solicitors are on the lender’s panel). Telephone Yorkshire BS or your financial adviser and finish off any outstanding paperwork. Yorkshire BS will instruct a valuer who will get in contact with the selling agent or owners to arrange a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Chalk Farm.
We are buying a property and the solicitor has identified Chancel Repair to which the house may be obligated to contribute to given it’s proximity to the area of such a church. She has suggested insurance. Is this really appropriate for conveyancing in Chalk Farm
Unless a prior purchase of the premises completed post 12 October 2013 you could expect solicitors conducting conveyancing in Chalk Farm to continue to recommend a chancel search and or insurance against a claim.
Just acquired a terraced house in Chalk Farm , how long should it take for the Land Registry to register my ownership? My Chalk Farm conveyancing solicitor works at snail pace, so I want to check that my purchase is recorded.
As far as conveyancing in Chalk Farm registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry have to notify any third parties. Currently roughly three quarters of submission are fully dealt with within 12 days but some can be subject to extensive hold-ups. Registration occurs after the purchaser has moved in to the property so 'speed' is not usually top priority yet where it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for an expedited registration.
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Chalk Farm I like with a park and railway links nearby, however it only has 52 years unexpired on the lease. There is not much else in Chalk Farm suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I am looking into buying my first house which is in Chalk Farm and I am already nervous. I couldn't find anything specific about Chalk Farm. Conveyancing will be needed in due course but do you know about the Chalk Farm area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chalk Farm. In the meantime here are some basic statistics that we found