My fiance’s brother is a solicitor. I hope that I'll be able to get preferential pricing for conveyancing, However if that does not come materialise, what level of costs would I typically be looking at for conveyancing in Canterbury?
Do contrast pricing. Make use of our search tool on this page. The estimates seem to be different but the service one can expect differ between solicitors as is the case with the vast majority of professional services.
My uncle pointed out to me me that in purchasing a property in Canterbury there could be various restrictions prohibiting external alterations to a property. Is this right?
There are anumerous of properties in Canterbury which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Canterbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My fiancee and I are in the process of looking at houses in Canterbury and I am now considering a potential offer. Should I already have a solicitor appointed at this point? I am planning to take a home loan with HSBC.
It would be prudent to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are getting a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Canterbury bank branch on numerous occasions and was told it does not affect the mortgage offer and they will lend. My Canterbury conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. Who do I believe?
Your conveyancing practitioner has to follow the CML Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am buying a new build house in Canterbury with a mortgage from Barclays Direct. The developers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about the deal as it would impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Canterbury I like with open areas and transport links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Canterbury suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Given that I will soon part with £400,000 on a house in Canterbury I would like to talk to a conveyancer concerning thehouse move before giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be doing your property ownership legalities in Canterbury.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Canterbury should be the figure that you are charged.
I am hoping to sign contracts shortly on a basement flat in Canterbury. Conveyancing lawyers have said that they are sending me a report next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Canterbury should include some of the following:
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The physical extent of the demise. This will be the flat itself but could also include a roof area or cellar if applicable. Who has the liability to repair and maintain the main walls and foundations. It is essential that you know who is responsible the repair and maintenance of all parts of the block and estate You need to be told what constitutes a Nuisance as far as the lease is concerned Rent payments - what is payable and when is collected, and be on notice if this is subject to change Will you be prohibited or prevented from having pets in the property?
I inherited a 2 bed flat in Canterbury, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Canterbury with a long lease are worth £216,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2095
With 69 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. 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 seeking the advice of a professional.