My wife and I are planning to acquire a 3 bedroom flat in Chesterton with a mortgage. We would like to retain our Chesterton solicitor, however the bank advise he's not on their "panel". It appears that we have little option but to instruct one of the lender panel conveyancing practices or keep our Chesterton conveyancing practitioner as well as pay for one of their panel ones to represent them. We feel that this is unjust; are we not able to demand that the lender use our Chesterton property lawyer ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Chesterton conveyancing solicitor to apply to be on the conveyancing panel.
Why is leasehold purchase conveyancing in Chesterton is more expensive?
The conveyancing fees for a leasehold property in Chesterton is often greater than on a freehold transaction. This is due to the extra investigations necessary in dealing with the freeholder and management company to obtain evidence concerning whether the rent and maintenance fee have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
Do I need to visit the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Chesterton so that I can pop in to their offices when needed.
Whereas this was necessary twenty years ago, most mortgage companies no longer require their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to supply ID documents and there are still manifest advantages to choosing a local solicitor, in your case a conveyancing solicitor in Chesterton.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a house in Chesterton? or I am told that there is historic law that means some owners of property residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this appropriate for conveyancing in Chesterton?
Unless a prior acquisition of the property completed post 12 October 2013 you can expect solicitors handling conveyancing in Chesterton to continue to propose a a chancel search and or chancel repair liability insurance.
In what way does the Landlord & Tenant Act 1954 impact my business offices in Chesterton and how can you help?
The 1954 Act affords a safeguard to business tenants, granting the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Chesterton