A colleague pointed out to me me that in buying a property in Chorley and Eccleston there may be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?

We are aware of a number of properties in Chorley and Eccleston which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Chorley and Eccleston should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Are all Chorley and Eccleston Conveyancing Quality Solicitors on the Skipton conveyancing list of approved practices?

A selection of lenders now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.

Principality have agreed my mortgage in principle, my offer on a apartment in Chorley and Eccleston has been accepted, now what?

Your property agent will want to be informed of your property lawyer's details (ensure that the lawyers are on the lender’s approved list). Call up Principality or the broker and complete any appropriate paperwork. Principality will instruct a valuer who will get in contact with the selling agent or vendor to book a slot for the valuation to take place. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Principality will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chorley and Eccleston.

It has been 4 months following my purchase conveyancing in Chorley and Eccleston took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Chorley and Eccleston differ for new build properties?

Most buyers of new build premises in Chorley and Eccleston come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Chorley and Eccleston tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chorley and Eccleston or who has acted in the same development.

I'm refinancing my primary home to a buy to let mortgage with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on another property. The location we are talking about is Chorley and Eccleston. Will your lawyers be able to act for both sets of banks and link together the conveyances?

Do use our search tool on this page to be sure that the conveyancers are on the appropriate lender panels. Assuming that they are the lawyer will be able to connect the two transactions but you should talk with you conveyancer and make clear your desired outcome and requirements.

I've recently bought a leasehold flat in Chorley and Eccleston. Do I have any liability for service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Chorley and Eccleston Leasehold Conveyancing - Sample of Queries Prior to buying

What prohibitions are there in the Chorley and Eccleston Lease? The prefered form of lease structure is if the freehold reversion is in the ownership of the leaseholders. In this scenario the leaseholders benefit from control and notwithstanding that a managing agent is often retained where it is bigger than a house conversion, the managing agent is directed by the tenants. It would be prudent to find out as much as you can regarding the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to every day matters like the upkeep of the common parts. Ask other people what they think of them. Finally, be sure you discover the dates that you are obliged pay the maintenance charge to the relevant party and specifically how they are spending that money.