Can you help? My Kenton conveyancer is informing me me that she is duty bound toapply for Kenton conveyancing searches becausethe firm are on the Virgin Moneyconveyancing panel. Is my solicitor right?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a lender your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Kenton conveyancing searches.
How does conveyancing in Kenton differ for new build properties?
Most buyers of new build property in Kenton come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because house builders in Kenton typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Kenton or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one near me in Kenton I like with a park and transport links nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Kenton in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am a sole trader hoping to lease a unit on the high street. Can you recommend conveyancers offering no-move-no fees for non-domestic conveyancing in Kenton for under £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Kenton, including the disposal and acquisition of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right lawyer. Regarding the charges these will vary based on the structure and complexity of the proposed transaction. Let us have your contact information or email so as to enable us to provide you with a fixed commercial conveyancing quote.
I need to appoint a conveyancing solicitor for some conveyancing in Kenton. I happened to discover a web site which seems to have the ideal offering If it is possible to get all the legals done via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold flat in Kenton. Conveyancing was finalised in five years ago. I have heard that I should not allow the the remaining lease term to fall too short. What is the reasoning?
Kenton residential long term leases are for a fixed term - normally 99 years when they are first granted. However a significant appartments in Kenton were built or converted 30 or more years ago and so such leases now have less than 80 years unexpired. This may seem like plenty of time however Banks, Building Societies and other mortgage institutions tend to require leases to have at least 75 years left to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are getting close to 75 years. To maximise the saleability of your property you should be thinking about whether to extend your lease long before you come to sell it. Furthermore significant benefits to doing so before the lease reaches even eighty years as when the lease is below 80 years the amount you have to pay to extend starts to get a lot more expensive.