In the event thatI were to acquire a straightforward homein Chinnor mortgage fee and have no survey and no conveyancing searches how much should I expect to to save on my conveyancing in Chinnor?
Any savings you would achieve would be limited to the costs for searches. The conveyancer still be obliged to do everything else - money laundering, communicating with your sellers property lawyer, SDLT return, register the title etc. A slight saving might be made by not needing to register a charge but it will not be a lot.
Can you point me to a directory of Co-operative panel solicitors in Chinnor on the Council of Mortgage Lender’s Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of lenders make their panel listings viewable over the internet. If you are looking for a Chinnor conveyancer on the Co-operative please use our facility.
Completion of my remortgage has taken place for my property in Chinnor. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I recently had an offer accepted on a house in Chinnor. My financial adviser suggested a lawyer. I paid an upfront payment of £175. Not long after, the property lawyer called me to say that they were not on the Santander 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 Santander 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.
My friend recommended that where I am purchasing in Chinnor I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Chinnor conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Chinnor around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Chinnor Education with maps and statistics, Local Amenities and other useful information concerning Chinnor.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Chinnor I like with a park and transport links in the vicinity, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Chinnor for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I own a leasehold flat in Chinnor. Conveyancing and The Royal Bank of Scotland mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Chinnor who acted for me is not around. What should I do?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to instruct a Chinnor conveyancing firm to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a ground floor flat in Chinnor, conveyancing formalities finalised March 1995. Can you work out an approximate cost of a lease extension? Equivalent flats in Chinnor with an extended lease are worth £211,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2086
With just 67 years left to run we estimate the price of your lease extension to span between £10,500 and £12,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.