Having been suggested to visit your company we were about to go ahead with a conveyancing solicitor in Aylesford endorsed on your site but have come across some other estimates on the internet appear less expensive – why is this?
There are plenty of solicitors promoting supposedly cheap conveyancing, unfortunately it’s common in such cases for extracharges end up with the completion fee totally different to the one you expected. According to the Legal Ombudsman costs contained in terms of engagement should be fair and reasonable and be applied The conveyancers that we put forward for conveyancing in Aylesford genuinely set out all charges for a standard conveyancing matter.
Me and my partner are purchasing a property in Aylesford. I might seem paranoid but how we can trust a conveyancer? At some point we have to send our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We were going to get a AIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Aylesford solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Aylesford solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
Leeds Building Society have agreed my mortgage in principle, my bid on a apartment in Aylesford has been accepted, what happens next?
The property agent will need to know who your solicitors are (be sure the conveyancers are on the bank’s panel). Call up Leeds Building Society or your broker and complete any outstanding forms. Leeds Building Society will sellect a valuer who will get in touch with the selling agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. Leeds Building Society will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Aylesford.
How does conveyancing in Aylesford differ for new build properties?
Most buyers of new build property in Aylesford contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Aylesford usually acquire the site, 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 property lawyers 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 Aylesford or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 affect my commercial property in Aylesford and how can you help?
The particular law that you refer to provides protection to commercial lessees, giving them the right to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds that a landlord can refuse 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 Aylesford
Can you provide any advice for leasehold conveyancing in Aylesford with the purpose of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Aylesford can be reduced if you instruct lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold information which will be required by the purchasers’ conveyancers. If you have carried out any alterations to the residence would they have required Landlord’s approval? In particular have you laid down wooden flooring? Most leases in Aylesford state that internal structural changes or laying down wooden flooring necessitate a licence from the Landlord consenting to such works. Where you dont have the consents to hand you should not contact the landlord without contacting your conveyancer in the first instance. If you have had conflict with your landlord or managing agents it is essential that these are resolved prior to the flat being marketed. The buyers and their solicitors will be warry about purchasing a property where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic as opposed to unsettled. Many freeholders or Management Companies in Aylesford levy fees for providing management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Aylesford. You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your lawyers. A buyer’s conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is below 75 years. In the circumstances it is important at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale.
Aylesford Leasehold Conveyancing - Sample of Questions you should ask before buying
Please note if it is no more than eighty years it will impact the salability of the apartment. Check with your lender that they are happy with the length of the lease. A short lease means that you will almost definitely need a lease extension sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you will be be obliged to have been the owner of the property for 24 months before you are entitled to extend the lease. Is the freehold reversion owned jointly by the leaseholders? Are any of leasehold owners in dispute over their service charge payments?
I today plan to offer on a house that appears to meet my requirements, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Aylesford. Conveyancing lawyers have are soon to be instructed. Will they explain the issues?
The majority of houses in Aylesford are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can help the conveyancing process. It is clear that you are buying in Aylesford in which case you should be shopping around for a Aylesford conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to carry out alterations. You may also be required to pay a contribution towards the maintenance of the communal areas where the property is located on an estate. Your solicitor will appraise you on the various issues.