My wife and I are downsizing from our home in Chelmsford and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used an internet conveyancing practice rather than a conveyancing solicitor in Chelmsford. We have lived in Chelmsford for six years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
4 months have elapsed since my purchase conveyancing in Chelmsford concluded. 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.
My husband and I are first time buyers - had an offer accepted, but the agent advised that the vendor will only move forward if we use the agent's preferred lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer who is accustomed to conveyancing in Chelmsford
It is improbable the vendors are behind this. If they desire ‘a quick sale', alienating a serious purchaser is not the way to achieve this. Speak to the vendors direct and make sure they understand (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your own,trusted Chelmsford conveyancing solicitors - rather thanthose that will give the estate agent a commission or meet his conveyancing figures demanded by senior management.
I am attracted to a couple of maisonettes in Chelmsford both have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Chelmsford is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the value of the premises. For most purchasers and banks, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Chelmsford conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I purchased a basement flat in Chelmsford, conveyancing having been completed October 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Chelmsford with a long lease are worth £180,000. The ground rent is £65 yearly. The lease ends on 21st October 2079
With only 58 years unexpired we estimate the premium for your lease extension to span between £22,800 and £26,400 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
What type of property do your Chelmsford conveyancing quotes apply to?
Our conveyancing quotes are only applicable to standard domestic premises in England & Wales. Should you have any different needs for example industrial or agricultural land or commercial conveyancing in Chelmsford please contact us to discuss this further .