I have justdiscovered that Wolstenholmes have closed. They carried out my conveyancing in Faversham for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Faversham conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a property in Faversham prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some banks will refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Faversham. Conveyancing will be smoother if you use a solicitor in Faversham especially if they regularly deal with such properties in Faversham.
Hoping to buy a property located in Faversham and I am already nervous. I couldn't find anything specific about Faversham. Conveyancing will be needed in due course but do you know about the Faversham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Faversham. In the meantime here are some basic statistics that we found
We're FTB’s - had an offer accepted, yet the selling agent informed us that the vendor will only move forward if we appoint their chosen solicitors as they want a ‘quick sale’. My instinct tells me that we should use a family conveyancer used to conveyancing in Faversham
It is highly unlikely the owners are behind this. Should the owner desire ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you intend to instruct your own,trusted Faversham conveyancing solicitors - not the ones that will earn their negotiator at the agency a commission or achieve conveyancing figures pre-set by senior management.
I am tempted by the attractive purchase price for a two maisonettes in Faversham both have about 50 years remaining on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold apartment in Faversham is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the premises. For most purchasers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Faversham conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the registered owner of a basement flat in Faversham, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Faversham with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease finishes on 21st October 2078
With just 53 years left to run the likely cost is going to span between £27,600 and £31,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
I need to find a lender panel solicitor in Faversham. Can you assist?
It is not clear why you need a Faversham panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Faversham are on their panel . If you do find such a firm in Faversham not listed please direct them to our site to list. After all the cost is only one £1 a month