Forgive me if this question is silly but I am wet behind the ears as FTB of a garden flat in Chase Cross. Do I receive the keys to the property on completion from my lawyer? If so, I will find a local conveyancing solicitor in Chase Cross?
On the day of completion you do not need to attend the conveyancers office in Chase Cross. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you will be invited to receive the keys from the selling Agents and move into your new home. Usually this occurs between 1 and 3pm.
Can you help - my lawyer advises that chancel insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Chase Cross?
The appropriate level of chancel indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Virgin Money. Conveyancing practitioners as opposed to members of the public take out such policies.
My partner and I have arranged a further advance on our mortgage from Coventry BS as we want to carry out alterations to our house in Chase Cross. Do we need to choose a high street Chase Cross solicitor on the Coventry BS conveyancing panel to deal with the legals?
Coventry BS do not ordinarily require firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.
It has been three months following my purchase conveyancing in Chase Cross took place. I have checked the Land Registry website which shows that I paid £175,000 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 property 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.
What does commercial conveyancing in Chase Cross cover?
Chase Cross conveyancing for business premises incorporates a wide array of guidance, offered by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Last March I purchased a leasehold flat in Chase Cross. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a ground-floor 1960’s flat in Chase Cross. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
Most certainly. We can put you in touch with a Chase Cross conveyancing firm who can help.
An example of a Lease Extension decision for a Chase Cross property is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.
We are in the throes of a leasehold sale of a flat in Chase Cross. Conveyancing solicitors are doing their job but we are being charged a fortune by the managing agents. So far we have paid £275 for a leasehold management pack and then another £118 for supplemental questions raised by the buyers conveyancer.
Neither you or your conveyancer will have any control over the level of the fee for this information but the average fee for the information for Chase Cross leasehold premises is £350. When it comes to Chase Cross conveyancing sales it is conventional for the vendor to pay for these charges. The freeholder or their agents are not duty bound to address such questions although many will be willing to do so - albeit often at exorbitant prices disproportionate to the work involved. Unfortunately there is no legislation that requires fixed charges for administrative tasks. Neither is there any set time frame by which they are required to issue the information.