Do all mortgage companies provide you with an approved list of Meopham conveyancing solicitors? How do you know who is on the Kent Reliance conveyancing panel?
Meopham conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
Forgive me if this question is silly but I am unexperienced as FTB of a garden flat in Meopham. Do I receive the keys to the property on completion from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Meopham?
On the day of completion you will not be required to go to the conveyancers office in Meopham. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s solicitors, and once they have received this, you should be invited to collect the keys from the selling Agents and move into your new home. Usually this occurs between 1 and 3pm.
We previously selected conveyancers based in Meopham on the Leeds Building Society solicitor approved list. They are now charging me a supplemental sum for dealing with the Leeds Building Society mortgage. Is this a supplemental conveyancing fee set by Leeds Building Society?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancer can charge a fee for this. The charge is not set by Leeds Building Society but by your Meopham conveyancer. Numerous firms on the Leeds Building Society panel will quote ’dealing with mortgage’ fee but plenty of practices include it on their overall fee.
I have a mortgage with Barclays for my property in Meopham. 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 Barclays?
Your original mortgage agreement with Barclays will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 Barclays directly. You need not do this via a Barclays conveyancing panel solicitor.
I require expedited conveyancing in Meopham as I am under pressure to sign on the dotted line inside 3 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not taking a mortgage you are at free not to do searches although no solicitor would suggest that you don't. With lots of history conveyancing in Meopham the following are examples of what can crop up and adversely impact market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I am looking for a leasehold apartment up to £195,000 and identified one close by in Meopham I like with amenity areas and station nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Meopham in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Am I best advised to appoint a Meopham conveyancing lawyer in close proximity to the house I am buying? An old friend can execute the legal formalities but they are based 400miles away.
The primary upside of using a high street Meopham conveyancing firm is that you can visit the firm to sign documents, present your ID and pester them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that should surpass using an unknown Meopham conveyancing lawyer solely due to them being Meopham based.
What advice can you give us when it comes to appointing a Meopham conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Meopham conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Meopham conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
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If they are not ALEP accredited then why not? What are the legal fees for lease extension work?
Meopham Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
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Is there a share of the freehold? Be sure to enquire if there are any onerous restrictions in the lease. For instance some leases prohibit pets being permitted in certain buildings in Meopham. If you love the propertyin Meopham yet your cat can’t live with you then you have a very hard compromise. Who manages the block?