This question may be naive but I am new to the house moving as FTB of a ground floor flat in Kemp Town. Do I collect the keys to the house on the completion date from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Kemp Town?
On the day of completion you do not need to attend the conveyancers office in Kemp Town. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s solicitors, and shortly after the monies have arrived, you will be called to pick up the keys from the property Agents and move into your new home. This tends to happen early afternoon.
is it true that all Kemp Town solicitor practices on the HSBC conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the HSBC conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
Completion of my remortgage has taken place for my property in Kemp Town. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
3 months have gone by since my purchase conveyancing in Kemp Town completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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'm buying my first flat in Kemp Town with a loan from Virgin Money. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent told me not to tell my solicitor about this side-deal as it may affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Hoping to buy a property located in Kemp Town and I am already nervous. I couldn't find anything specific about Kemp Town. Conveyancing will be needed in due course but do you know about the Kemp Town area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Kemp Town. In the meantime here are some basic statistics that we found
My uncle has recommend that I instruct his conveyancing solicitors in Kemp Town. Do I take his guidance?
Much as we are happy to recommend a Kemp Town conveyancing lawyer it’s preferable to select a conveyancing practitioner is to have guidance from friends or relatives who have actually previously instructed the conveyancer that you are contemplating using.
I am on look out for some leasehold conveyancing in Kemp Town. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Kemp Town - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a basement flat in Kemp Town, conveyancing was carried out in 2012. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Kemp Town with an extended lease are worth £260,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2099
With only 75 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do 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 should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.