Me and my partner are purchasing a maisonette in Chester le Street. My Conveyancer is not listed on the lender solicitor panel. Am I still permitted to appoint my Chester le Street conveyancing solicitor notwithstanding that they are not on the bank panel of approved conveyancing solicitors?
You have a number of alternatives open to you here
- Complete the deal with your chosen Chester le Street lawyer but your lender will undoubtedly appoint a lawyer on their approved list. This will result in additional charges and likely interruption.
- Choose a new solicitor to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to join the mortgage company panel of solicitors
I have todaybecome aware that Wolstenholmes have closed. They conducted my conveyancing in Chester le Street for a purchase of a freehold house 12 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chester le Street conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Chester le Street is the location of the property. Can you shed any light on this issue?
Flying freeholds in Chester le Street are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chester le Street you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chester le Street 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.
Can you provide any top tips for leasehold conveyancing in Chester le Street from the point of view of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Chester le Street can be reduced where you instruct lawyers the minute your agents start marketing the property and ask them to collate the leasehold information needed by the purchasers’ lawyers. You may think that you are aware of the number of years remaining on your lease but it would be advisable verify this by asking your lawyers. A buyer’s lawyer will not be happy to advise their client to to exchange contracts if the remaining number of years is below 75 years. It is therefore important at an early stage that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. If you are supposed to have a share in the Management Company, you should ensure that you are holding the original share document. Organising a replacement share certificate is often a lengthy formality and slows down many a Chester le Street conveyancing deal. If a duplicate share certificate is needed, you should approach the company officers or managing agents (if applicable) for this sooner rather than later. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Chester le Street leases often stipulate that internal structural changes or installing wooden flooring require a licence from the Landlord acquiescing to such changes. Where you dont have the paperwork in place do not communicate with the landlord without contacting your conveyancer in the first instance.
I bought a studio flat in Chester le Street, conveyancing formalities finalised in 2003. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Chester le Street with an extended lease are worth £191,000. The ground rent is £55 yearly. The lease expires on 21st October 2072
With only 53 years remaining on your lease we estimate the price of your lease extension to range between £27,600 and £31,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns 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 before getting professional advice.
I note that you have a search directory listing firms on the lender conveyancing panel. Do Chester le Street conveyancing companies pay you a referral fee if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Chester le Street.