Forgive me if this question is silly but I am new to the process as a 1st time purchaser of a garden flat in Bearsted. Do I collect the keys to the premises on the completion date from my conveyancer? If so, I will use a High Street conveyancing solicitor in Bearsted?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you should be invited to collect the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
How can we tell if a Bearsted conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Bearsted getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer conducting your conveyancing.
My partner and I have arranged a further advance on our home loan from HSBC as we wish to conduct renovations to our house in Bearsted. Do we need to choose a local Bearsted solicitor on the HSBC conveyancing panel to handle the legals?
HSBC would not normally require a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC list.
five months have elapsed since my purchase conveyancing in Bearsted completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing my first flat in Bearsted with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not disclose to my solicitor about the deal as it could impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Bearsted is the location of the property. What do you suggest?
Flying freeholds in Bearsted are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bearsted you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bearsted may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Planning to exchange soon on a studio apartment in Bearsted. Conveyancing lawyers have said that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Bearsted should include some of the following:
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What you can do if a neighbour breaches a clause of their lease? Information as to the provision in the lease to pay service charges - with regard to both the building, and the wider rights a leaseholder has Defining your legal entitlements in relation to common areas in the block.For example, does the lease permit a right of way over a path or staircase? specifics of the parties to the lease, for example these could be the (you), superior lessor, freeholder You would want to receive a copy of the lease
I bought a 1st floor flat in Bearsted, conveyancing formalities finalised in 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Bearsted with over 90 years remaining are worth £222,000. The ground rent is £50 invoiced every year. The lease expires on 21st October 2096
With 71 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
How much experience do your Bearsted conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Bearsted conveyancing lawyers help thousands of buyers move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Bearsted conveyancers have worked on recent similar matters.