The conveyancer who helped my former purchase has quoted £1350 for no sale no fee conveyancing in Chester. I am hoping to sell a modern property for £175,000. This appears too much. Is it in excess of the average fee for conveyancing in Chester?
The charges are a tad high. If you shop around you could trim some of the cost by as much as a hundred pounds. On the other hand, you maylive to rue opting for an an unknown lawyer. Don't forget to ensure the firm can represent your bank. You can employ our comparison tool to select a Chester conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Chester.
I purchased a freehold house in Chester but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Chester and has limited impact for conveyancing in Chester but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Does a directory service exist listing Barclays panel solicitors in Chester on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings open the public over the internet. If you are looking for a Chester conveyancer on the Barclays please use our facility.
is it true that all Chester conveyancing solicitors on the Clydesdale conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Clydesdale approved list of solicitors they would need to be regulated by the SRA. Many mortgage companies do allow licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.
We have agreed to purchase a house in Chester. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
Given that you are obtaining a mortgage with Coventry BS your lawyer must comply with the formal instructions contained in Part two of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook contains minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Coventry BS where a lease fails to satisfy these requirements. The provisions relate to the installation of panels on properties countrywide and is not limited to Chester.
My wife and I own a terraced Edwardian property in Chester. Conveyancing practitioner acted for me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review 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 Chester and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing practitioner who conducted the work.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Chester is the location of the property. Can you shed any light on this issue?
Flying freeholds in Chester are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chester you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chester may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.