Why is leasehold purchase conveyancing in Chorley is more expensive?

The conveyancing fees for a leasehold premises in Chorley is often more expensive than on a freehold transaction. This is due to the additional time required in liaising with the freeholder and management company to collate the evidence concerning whether the rent and service fee have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Chorley?

There are many registered licenced Conveyancers in Chorley and Solicitor practices in Chorley who can assist with your conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal work in transferring property. Both can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I have paid off my mortgage with Coventry BS. I assume I don't need a Chorley property lawyer on the Coventry BS panel to remove the mortgage at the Land Registry. Am I right?

If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

1. but are not moving to another property
2. where Coventry BS has sent the Land Registry the discharge electronically, and
3. Coventry BS has instructed the Land Registry to do so

I have a mortgage with Bank of Ireland for my property in Chorley. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland?

Your original mortgage agreement with Bank of Ireland will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel firm.

I have been told that property searches are the number one reason for obstruction in Chorley house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Chorley.

I decided to have a survey done on a property in Chorley prior to instructing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders will refuse to give a mortgage on such a home.

It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chorley. Conveyancing may be slightly more expensive based on your lender's requirements.

How do I find the right lawyer for my conveyancing in Chorley ?

Option 1 is to ask the people you trust they would would instruct. Second, use a search tool on the internet for conveyancing in Chorley. Telephone two or three from the list and ask them to email you their conveyancing charges and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Third is to make use of this site to assist you in finding the right solicitors for you based on your unique factors including location,speed, complexity and who the proposed lender is.Do not be fooled by £99 conveyancing solicitors in Chorley