We were about to instruct a conveyancing solicitor in Faversham listed on your site but have come across some other costs illustrations via the web appear less pricey – why is this?
You can find many firms of solicitors advertising alleged cut-price conveyancing, yet more often than not additionalcosts result in the closing bill being inflated. Solicitors ought to ensure fees listed in terms of business should be equitable and be applied The conveyancers that we put forward for conveyancing in Faversham genuinely set out all legal fees for a residential conveyancing case.
Our lawyer has uncovered a defect with the lease for the property we are purchasing in Faversham. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor has advised that he must check that the bank is willing to move forward with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Completed the sale of my flat in Faversham last October but our buyer keeps whats apping every few hours to say her conveyancer needs to hear from mylawyer. What should have happened following completion?
Following your house sale your conveyancer is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There is unlikely to be post completion requirements specific conveyancing in Faversham.
I am helping my aunt sell her house in Faversham. Will the solicitor arrange the energy assessment or it is for the seller to coordinate?
Following the abolition of HIPs, energy performance certificates was retained a compulsory element of moving house. An energy assessment must be to hand prior to the property being advertised. It is not something that conveyancers normally arrange. If you are using a Faversham conveyancing practitioner they may be able to arrange energy performance certificates due to their relationships with reputable Faversham accredited person
This question may be naive but I am unseasoned as FTB of a two bedroom flat in Faversham. Do I pick up the keys to the house on completion from my conveyancer? If this is the case, I will instruct a local conveyancing solicitor in Faversham?
On the day of completion you do not need to go to the conveyancers office in Faversham. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's solicitors, and once they have received this, you will be able to collect the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
Completion of my purchase has taken place for my property in Faversham. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
five months have elapsed following my purchase conveyancing in Faversham took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 property 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 own a leasehold flat in Faversham. Conveyancing and Halifax mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Faversham who previously acted has now retired. Do I pay?
First make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. There is no need to incur the fees of a Faversham conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Faversham Leasehold Conveyancing - Examples of Questions you should ask before buying
-
Best to be warned whether redecorating or some other major work is pending that will be shared between the tenants and may well materially impact the level of the service charges or result in a one time invoice. Is anyone aware of any major works in the near future that will likely add a premium to the service costs? How many years are left on the lease?