Can the conveyancing practitioners listed on your site execute auction conveyancing in Gillingham?
There are a few auction practitioners we can put you in touch with those conducting auction conveyancing. Gillingham is just one of hundreds of locations where our lawyers have a presence.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Nottingham Solicitor panel ahead of completing my conveyancing in Gillingham?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My colleague advised me that if I am buying in Gillingham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Gillingham conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Gillingham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Gillingham.
I have been pointed in your direction by a few property agents in Gillingham to locate a conveyancer using your seach tool. Is there a financial upside for Estate Agents to promote your lawyers over a competitor’s?
We refuse to make any referral fee for directing people in our direction. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am tempted by the attractive purchase price for a two flats in Gillingham which have about fifty years left on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Gillingham. The lease is a right to use the premises for a period of time. As a lease gets shorter the saleability of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field.
I invested in buying a basement flat in Gillingham, conveyancing formalities finalised in 1999. How much will my lease extension cost? Corresponding properties in Gillingham with an extended lease are worth £206,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2088
You have 66 years left to run the likely cost is going to be between £11,400 and £13,200 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.
I am looking to buy a house and need a conveyancing solicitor in Gillingham who is on the mortgage company solicitor panel. Can you recommend a Gillingham or local Gillingham solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who carry out conveyancing in Gillingham. We dont recommend any particular conveyancing practice.