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Find a Chellaston Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Chellaston? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Chellaston home move at risk of delay or failure.

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Recently asked questions about conveyancing in Chellaston

My nephew is in the process of securing a new build apartment in Chellaston with a mortgage from Kent Reliance. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Will commercial conveyancing searches disclose planned roadworks that could affect a commercial property in Chellaston?

Many commercial conveyancing solicitors in Chellaston will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Chellaston. The search result provides definitive data 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 Chellaston.

For every commercial conveyancing transaction in Chellaston 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 may cause delays to Chellaston commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Chellaston.

My wife and I own a terraced Victorian house in Chellaston. Conveyancing lawyer represented me and Aldermore. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the matching property. Is it worth asking Aldermore to clarify?

You should assess 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 Chellaston and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing lawyer who conducted the work.

How does conveyancing in Chellaston differ for newly converted properties?

Most buyers of new build property in Chellaston come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Chellaston usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chellaston or who has acted in the same development.

Expecting to exchange soon on a basement flat in Chellaston. Conveyancing solicitors assured me that they report fully tomorrow. What should I be looking out for?

Your report on title for your leasehold conveyancing in Chellaston should include some of the following:

    What remedies are open the freeholder should you breach a clause of your lease? How long the lease is. You should receive guidance as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years Advice as to the provision in the lease to pay service charges - with regard to both the building, and the wider rights a tenant enjoys Setting out your legal entitlements in respect of common areas in the building.For example, does the lease permit a right of way over an accessway or staircase? if lease caters for for a slush fund?
For details of the information to be included in your report on your leasehold property in Chellaston please enquire of your solicitor in ahead of your conveyancing in Chellaston.

I acquired a 2 bed flat in Chellaston, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Comparable flats in Chellaston with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2102

With 80 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 as well as legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

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