At what point does exchange of contracts occur in purchase conveyancing in Folkestone and am I required to be at the conveyancers office?
Where you are round the corner to one of the conveyancing solicitors in Folkestone you are invited in to sign contracts. However, the law practices we work with supply a nationwide conveyancing service and provide just as diligent and professional a job for you when communicating with you digitally. The signing of the purchase agreement is not when everything is set in stone. A signed contract is necessary for the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Folkestone)to be in the office available at the end of the phone to exchange contracts.
Are the BSA planning on creating a online directory to list solicitors on the Norwich and Peterborough Building Society conveyancing panel for example in Folkestone?
We have not been informed any intention on the part of the BSA to develop such a tool.
Forgive me if this question is silly but I am new to the home buying as a 1st time purchaser of a two bedroom flat in Folkestone. Do I pick up the keys to the property on completion from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Folkestone?
On the day of completion you will not be required to attend the conveyancers office in Folkestone. Your solicitors will arrange to send the purchase money to the seller's lawyers, and once they have received this, you will be called to receive the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
My wife and I purchasing a 4 bedroom semi-detached house in Folkestone. Our aim is to an extension at the rear at the house.Will the conveyancing process include investigations to see if these works are allowed?
Your solicitor will review the registered title as conveyancing in Folkestone can sometimes identify restrictions in the title deeds which restrict certain alterations or require the permission of a 3rd party. Many works call for local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Folkestone lawyer on the Nottingham panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
What does a local search inform me about the house I am buying in Folkestone?
Folkestone conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search plays a central part in most Folkestone conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
Last June I purchased a leasehold property in Folkestone. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Folkestone - Examples of Queries before buying
How long is the Lease? The answer will be important as a) areas could result in problems in the block as the common areas may start to deteriorate if services are not paid for b) if the leaseholders have an issue with the running of the building you will wish to know about it Make sure you enquire if there are any onerous restrictions in the lease. For instance some leases prohibit pets being allowed in in a block in Folkestone. If you like the flatin Folkestone yet your dog can’t make the move with you then you have a very difficult compromise.
When it comes to my conveyancing in Folkestone should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Folkestone conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.