We are purchasing a flat and need a conveyancing solicitor in Chatteris who is on the Barclays approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Chatteris.
I'm the sole recipient of my late grandmother’s will with all property in now in my sole name, including the my former home in Chatteris. Conveyancing formalities meant that the Land Registry date was in June. I want to move. I understand that there is a CML six month 'rule', meaning my proprietorship will be treated the same way as if I'd bought the house in June. Do I have to wait 6 months to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most lenders would take a practical view as this requirement is primarily there to identify subsales or the flipping of properties.
When it comes to mortgage companies such as Nottingham, do Chatteris conveyancing practitioners face a fee to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
My wife and I are spending time viewing houses in Chatteris and I am about to put in an offer. Is it wise to have my property lawyer on ‘stand by’? I am planning to take a mortgage with HSBC.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. As you are obtaining a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
I decided to have a survey completed on a property in Chatteris ahead of appointing lawyers. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks tend not grant a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chatteris. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chatteris to see if the conveyancing costs will increase in light of this.
What advice can you give us when it comes to appointing a Chatteris conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Chatteris conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Chatteris conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
Can they put you in touch with clients in Chatteris who can give a testimonial?
Chatteris Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
How much is the ground rent and service charge? Where a Chatteris lease has no more than 80 years it will have adverse implications on the marketability of the flat. Check with your lender that they are content with the length of the lease. Leases with less than 80 years remaining means that you will probably need a lease extension at some point and you need to have some idea of what this will be. Remember, in most cases you will be required to have owned the property for 24 months in order to be eligible to extend the lease. Who manages the block?
We have been told by various friends that it should take six to eight weeks for Chatteris conveyancing to complete.This was a month ago. The paperwork was only received from the vendors lawyer yesterday so does the clock start running now?
You should not rely on completing on a specific date until exchange of contracts takes place. Regardless of the promises the people you are purchasing from or selling to make, or your financial adviser provides don't bank on them. More frustration is caused to clients trying to move home by false promises than any other factor when it comes to conveyancing in Chatteris.