My house in Faversham is up for sale and I have a purchaser. Will my property lawyer have to be on the Leeds Building Society conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
My wife and I are purchasing a apartment in Faversham. It might be a silly question but how we can trust a conveyancer? On completion day we will need to send our life savings into their account. What is the protection we have from them run away with our deposit?
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.
How can we know in advance if a Faversham conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Faversham getting recommendations is a good 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 which is cheap as chips. We would always recommend that you speak with the lawyer handling your transaction.
We are getting the release of further funds on our home loan from Clydesdale as we wish to conduct alterations to our house in Faversham. Do we need to select a high street Faversham solicitor on the Clydesdale conveyancing panel to deal with the legals?
Clydesdale do not ordinarily appoint firms on 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 Clydesdale list.
Will commercial conveyancing searches disclose impending roadworks that could impact a commercial land in Faversham?
Its becoming the norm that commercial conveyancing solicitors in Faversham will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Faversham. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Faversham.
For each commercial conveyancing transaction in Faversham it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Faversham commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Faversham.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who dealt with the conveyancing in Faversham 4 years ago no longer exist. What are my options?
Gone are the days when you need to have the physical original deeds to establish that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in Faversham I like with open areas and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Faversham for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I’m about to sell my ground floor flat in Faversham.Conveyancing has not commenced however I have just received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as usual because all ground rent and service invoices will be apportionedas part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process