What is the difference between a licensed conveyancer and conveyancing solicitor in Chelsea

There are many registered licenced Conveyancers in Chelsea and Solicitor partnerships in Chelsea who can help with your conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. They may both also handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

We previously appointed solicitors with offices in Chelsea on the Co-operative solicitor panel. They are now charging me a further amount for the legal aspects of the Co-operative mortgage. Is this an additional conveyancing fee specified by Co-operative?

As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your lawyer may levy a fee for this. The fee is not dictated by Co-operative but by your Chelsea solicitor. Some firms on the Co-operative panel will levy an ‘acting for lender’ fee but plenty of practices include it on their overall fee.

I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Chelsea bank branch on various occasions and was told it does not affect the mortgage offer and they would lend. My Chelsea conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend based on their specific requirements. I have no idea who is right.

Provided that the property lawyer is on the lender panel, she or he must adhere to the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

About to purchase a new build apartment in Chelsea. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Chelsea

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

Over the last few months I have been searching for a ground for flat up to £195,000 and found one round the corner in Chelsea I like with amenity areas and station in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Chelsea for this price, so just wondered if I would be making a mistake buying a short lease?

If you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.

I am using a search engine for the words cheap conveyancing in Chelsea it shows results of many solicitorsin the vicinity. With so much choice what is the best way to find the right solicitor for me?

The best method of finding the right conveyancer is via trusted recommendation, so seek the counsel of friends and those you trust who have bought a property in Chelsea or the reputable estate agent or financial adviser. Charges for conveyancing in Chelsea vary, so it's a good idea to obtain a minimum of four quotes from varying types of companies. Make sure that you know what costs in the quote includes.

I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Chelsea conveyancing firm to assist?

Most definitely. We are happy to put you in touch with a Chelsea conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Chelsea residence is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case affected 1 flat. The unexpired residue of the current lease was 57.06 years.

What are the common problems that you encounter in leases for Chelsea properties?

There is nothing unique about leasehold conveyancing in Chelsea. All leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are not included. For example, if your lease is missing any of the following, it could be defective:

Service charge per centages that don't add up correctly leaving a shortfall A provision to repair to or maintain parts of the premises

You could encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , The Royal Bank of Scotland, and Aldermore all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the buyer to pull out.