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Recently asked questions about conveyancing in Chathill

The sellers of the house we are purchasing have instructed a conveyancing solicitor in Chathill who has insisted on a preliminary contract with a payment 6,000. Are such agreements generally advanced for Chathill conveyancing transactions?

This form of arrangement isn't frequently used in Chathill, conveyancers will often try and steer clients away from them as they detract from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no guarantee that just because the owner has entered into a lock out agreement they will complete the sale with you. They may be motivated to break the contract if they receive sufficient incentive to do so because a wronged buyer with the benefit of a lockout agreement will still be legally obliged to show losses as a consequence of the breach and these may not compare to the financial upside that the owner may secure by reneging on the agreement, no matter how morally shameful the behaviour is.

Is there a reason why leasehold purchase conveyancing in Chathill costs more?

Chathill leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Chathill. Do I receive the keys to the premises on completion from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Chathill?

On the day of completion you will not be required to go to the conveyancers office in Chathill. Conveyancing lawyers for you will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be invited to collect the keys from the selling Agents and move into your new home. Usually this happens early afternoon.

I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Chathill property lawyer on the HSBC panel to discharge the mortgage at the Land Registry. Please confirm.

If you have finished paying off your HSBC 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 HSBC mortgage from the register. HSBC, 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:

  1. but are not moving to another property
  2. where HSBC has sent the Land Registry the discharge electronically, and
  3. HSBC has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your HSBC mortgage has been paid off.

Our sealed bid on a semi in Chathill has been accepted, but there is a chain. The sellers have offered on on an apartment, but it’s not yet agreed to, and have viewings of other properties booked. I have selected a high street conveyancing solicitor in Chathill. What do I do now? When do I get the mortgage application with Nationwide going?

It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx £1k, then valuation, Chathill conveyancing search charges, etc). First, you should ensure that your property lawyer is on the Nationwide approved list. Concerning the subsequent phase this very much depends on the specifics of your case, motivation for the property and on the state of the market. During a hot market the majority of home buyers will apply for a home loan with Nationwide and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Chathill.

My wife and I own a renovated Edwardian property in Chathill. Conveyancing solicitor represented me and Lloyds TSB Bank. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching property. Is it worth asking Lloyds TSB Bank to clarify?

You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chathill and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing practitioner who completed the work.

What does commercial conveyancing in Chathill cover?

Non domestic conveyancing in Chathill incorporates a broad array of advice, given by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

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Find out more about how flying freehold can affect your the value of a property.