Do I need to attend the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Chalk Farm so that I can pop in to their offices if necessary.

As opposed to 12 years ago, the vast majority mortgage companies no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to supply identification documents and there are still distinct benefits to instructing a locally based practitioner, in your case a conveyancing solicitor in Chalk Farm.

Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Chalk Farm?

Its becoming the norm that commercial conveyancing solicitors in Chalk Farm will conduct a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Chalk Farm. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chalk Farm.

For every commercial conveyancing transaction in Chalk Farm it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Chalk Farm commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Chalk Farm.

I am purchasing my first flat in Chalk Farm benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep told me not to tell my solicitor about the deal as it could impact my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Chalk Farm is where the house is located. Is there any guidance you can impart?

Flying freeholds in Chalk Farm are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chalk Farm you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chalk Farm 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.

Notwithstanding our best endeavours, we have been unsuccessful in trying to purchase the freehold in Chalk Farm. Can this matter be resolved via the Leasehold Valuation Tribunal?

You certainly can. We are happy to put you in touch with a Chalk Farm conveyancing firm who can help.

An example of a Lease Extension decision for a Chalk Farm premises is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case related to 1 flat. The number of years remaining on the existing lease(s) was 64.77 years.

What makes a Chalk Farm lease unacceptable for security purposes?

There is nothing unique about leasehold conveyancing in Chalk Farm. All leases are unique and drafting errors can sometimes mean that certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:

Maintenance charge proportions which don’t add up to the correct percentage A duty to insure the building

A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Bank of Scotland, and Aldermore all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to withdraw.