We have agreed to purchase a house in Chipping Campden. One unusual aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Bank of Ireland your lawyer must follow the formal requirements contained in Section two of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Bank of Ireland where a lease does not satisfy these requirements. The specifications relate to the installation of panels on properties countrywide and is not limited to Chipping Campden.
Intending to buy a apartment in Chipping Campden. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chipping Campden lawyer is on the Co-operative conveyancing panel.
Coventry BS have agreed my home loan in principle, my offer on a house in Chipping Campden has been accepted, what happens next?
The estate agent will wish to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the lender’s panel). Telephone Coventry BS or your financial adviser and complete any outstanding forms. Coventry BS will instruct a valuer who will get in touch with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Coventry BS will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chipping Campden.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Chipping Campden 5 years ago have long since closed. Will I be able to sell the house?
You no longer need to have the physical official documentation to evidence that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chipping Campden. 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 are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Chipping Campden
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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.
I own a leasehold house in Chipping Campden. Conveyancing and Nottingham Building Society mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Chipping Campden who acted for me is not around. What should I do?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to instruct a Chipping Campden conveyancing solicitor 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 freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a garden flat in Chipping Campden, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Chipping Campden with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2090
With just 72 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
We are soon to buying a flat in Chipping Campden. Conveyancing is not complete but we would like keep our purchase price private from sites such as Rightmove. what can I do to ensure this is not disclosed?
HM Land Registry are legally bound to note price paid information on the official title for residential properties countrywide which includes properties in Chipping Campden. The register of ownership is an open document, so HMLR would be breaking the law excluded specific homes such as your property in Chipping Campden.
You can ask HM Land Registry to hide the amount paid entry yet the answer would be in the negative.