My Solicitor in Chelsea is not listed on the Barnsley Building Society Solicitor Panel. Can I still use my prefered solicitor even though they are not on the Barnsley Building Society panel?
Your options are as follows:
- Complete the purchase with your existing Chelsea solicitors but Barnsley Building Society will need to retain a lawyer on their list of acceptable firms. This will result in additional total legal fees as well as result in delays.
- Get an alternative solicitor to act in the conveyancing, remembering to check they are Barnsley Building Society approved.
- Persuade your Barnsley Building Society based solicitor to attempt to join the Barnsley Building Society panel
Are there restrictive covenants that are commonly identified 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 looking for a ground for flat up to £235,500 and found one close by in Chelsea I like with open areas and station in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Chelsea for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Am I right to be wary by 3rd parties that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a local Chelsea conveyancing firm?
As with lots of professional services, often input from relatives can be most helpful. Nevertheless there are many players in a conveyancing deal; estate agents, financial adviser and mortgage companies may recommend conveyancers to select. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying financial incentive behind the endorsement. You are at liberty to choose your preferred conveyancer. However, bear in mind that the majority of banks specify a panel list of conveyancers you have to use for the mortgage related work in your house move.
I am using a search engine for the words cheap conveyancing in Chelsea it brings up numerous conveyancersin the area. With so much choice what is the best way to find the right solicitor for the sale of my house?
The ideal method of finding the right conveyancer is through a personal referral, so seek the opinion of friends and relatives who have purchased a property in Chelsea or a local estate agent or financial adviser. Charges for conveyancing in Chelsea vary, so it's sensible to secure at least four fee estimates from different companies. Be sure to obtain confirmation that the costs are assured not to escalate.