My financial adviser has asked me for my Chaddesden solicitor’s panel reference for the Lloyds conveyancing panel. Can you suggest how I obtain this. I have tried my local Chaddesden office but they cant find it on their system.
The sensible thing to do is ask for this information from your Chaddesden lawyer . They should have a central record lender panel numbers.
My wife and I are nearing an exchange on a house in Chaddesden and my mum and dad have sent the 10% deposit to my property lawyer. I am now advised that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your property lawyer is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
It has been 3 months since my purchase conveyancing in Chaddesden concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 looking for a leasehold apartment up to £305k and identified one round the corner in Chaddesden I like with a park and station nearby, however it only has 52 years on the lease. There is not much else in Chaddesden suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I only have 72 years left on my lease in Chaddesden. I need to extend my lease but my freeholder is missing. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to demonstrate that you have made all reasonable attempts to track down the lessor. For most situations an enquiry agent should be helpful to try and locate and prepare an expert document to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a solicitor both on devolving into the landlord’s disappearance and the vesting order request to the County Court covering Chaddesden.
Chaddesden Leasehold Conveyancing - Sample of Queries Prior to Purchasing
Who are the managing agents? Are there any major works on the horizon that will likely increase the service costs? What is the yearly maintenance fee and ground rent?