I need some fast conveyancing in Chelsea as I have pressure to exchange contracts in less than one month. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?

If.Given you are not getting a home loan you are at liberty not to do searches although no law firm would advise that you don't. With plenty of history conveyancing in Chelsea the following are examples of what can be revealed and adversely affect market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...

Are there restrictive covenants that are commonly picked up as part of conveyancing in Chelsea?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Chelsea. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am purchasing a new build house in Chelsea with a loan from . The developers would not reduce the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not reveal to my conveyancer about this extras as it may affect my mortgage with . Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Is it possible to change solicitor as I have to instruct a firm on the conveyancing list. I had appointed a local conveyancing solicitor in Chelsea round the corner but the firm is not accepted by

We will our best to assist in finding you a conveyancing solicitor in Chelsea on the panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Chelsea. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Chelsea.

I've found a house that appears to be perfect, at a great price which is making it all the more appealing. I have just found out that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Chelsea. Conveyancing solicitors have are about to be appointed. Will they explain the issues?

The majority of houses in Chelsea are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Chelsea in which case you should be shopping around for a Chelsea conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’sconsent to carry out changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your lawyer should report to you on the legal implications.

Leasehold Conveyancing in Chelsea - Sample of Questions you should ask before buying

You should be aware that where the lease has less than eighty years it will affect the value of the flat. It is worth checking with your bank that they are willing to lend given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and it is worth finding out what this would cost. Remember, in most cases you would be required to have been the owner of the premises for 24 months before you are eligible to extend the lease. Are any of leasehold owners in arrears of their service charge liability? The best form of lease arrangement is where the freehold reversion is owned by the leaseholders. In this arrangement the tenants enjoy being in charge if their destiny and although a managing agent is frequently employed where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.