I am currently in the process of buying my council flat in Chilwell. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
It is not clear whether my mortgage offer requires a lease extension. I have telephoned my Chilwell bank branch on numerous occasions and was advised it wasn't an issue and they would lend. My Chilwell conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your property lawyer must follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I recently had an offer agreed on a house in Chilwell. My financial adviser suggested a lawyer. I paid an upfront payment of £225. Shortly after, the lawyer called me embarrassingly acknowledging that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
We are planning on selling our property in Chilwell and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Chilwell conveyancer would know this is not the case. It does beg the question why the buyers instructed an internet conveyancing firm as opposed to a conveyancing solicitor in Chilwell. Having lived in Chilwell for many years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You should 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 health insurance to cover that same sickness)
I have a semi-detached Victorian property in Chilwell. Conveyancing solicitor represented me and The Mortgage Works. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read 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 Chilwell 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 mortgage companies. You can also check the position with your conveyancing lawyer who completed the work.
I opted to have a survey done on a property in Chilwell in advance of appointing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some banks will refuse to grant a loan on such a premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chilwell. Conveyancing may be slightly more expensive based on your lender's requirements.
Been searching for a property lawyer for freehold sale conveyancing in Chilwell. I'm selling, simple no mortgage to discharge, no hurry, currently empty. Got a quote from a solicitor for £800 including VAT which is a tad expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Chilwell?
As it’s a sale only, 475 + VAT is likely to be about the best for sale conveyancing in Chilwell.