My wife and I have recently appointed a conveyancing solicitor in Chandlers Ford. I need to find out if they are on the Godiva Mortgages Ltd approved list of lawyers. Could you help?
The first thing you should do is call your solicitor and enquire whether they can act for the bank. Otherwise you can get in touch with Godiva Mortgages Ltd who may be able to help.
When it comes to mortgage companies such as Aldermore, do Chandlers Ford solicitors have to pay an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
My fiancee and I are spending time viewing apartments in Chandlers Ford and I am now considering a potential offer. Should I already have a conveyancer appointed at this stage? I am planning to take a home loan with Leeds Building Society.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are seeking a mortgage with Leeds Building Society, make sure you remember to check that your lawyer is on the Leeds Building Society conveyancing panel.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Chandlers Ford conveyancing practitioner on the TSB panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
It has been 2 months since my purchase conveyancing in Chandlers Ford took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 premises 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.
My husband and I may need to sub-let our Chandlers Ford 1st floor flat temporarily due to taking a sabbatical. We instructed a Chandlers Ford conveyancing practice in 2001 but they have since shut and we did not have the foresight to get any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
A lease dictates relations between the freeholder and you the flat owner; in particular, it will indicate if subletting is prohibited, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Chandlers Ford do not prevent strict prohibition on subletting – such a clause would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
I bought a 1 bedroom flat in Chandlers Ford, conveyancing was carried out February 2007. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Chandlers Ford with an extended lease are worth £206,000. The ground rent is £45 per annum. The lease comes to an end on 21st October 2091
With 66 years left to run we estimate the premium for your lease extension to range between £12,400 and £14,200 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
Why do Chandlers Ford conveyancing charges are more expensive for leasehold and freehold properties?
When buying a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control