I plan on acquiring a maisonette in Kingsnorth. My lawyer has never been on on the lender solicitor list. Am I still permitted to retain my Kingsnorth conveyancing solicitor even though they are not on the mortgage company approved list?
Various options include
- Carry on with your preferred Kingsnorth property lawyer but your mortgage company will no doubt instruct a lawyer on their conveyancing panel. This will result in additional charges and potential frustration.
- Choose a fresh lawyer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your conveyancer to pull out all the stops to join the bank’s conveyancing panel
Me and my partner are about to complete on the purchase of a house in Kingsnorth but as a result of damage from the recent storms I have was able negotiate recompense from the owner in the sum of six thousand pounds in the form of a adjustment in the price. This was going to be dealt with as part of the conveyancing process however Kent Reliance are not allowing this. Why were they approached?
Your solicitor being on the Kent Reliance conveyancing panel is duty bound to advise Kent Reliance of any variations to the purchase price. If you were to refuse your solicitor to report the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new lawyer for your conveyancing in Kingsnorth.
We're in Kingsnorth, FTBs buying with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have been told that property searches are a common reason for stalling in Kingsnorth house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in Kingsnorth.
4 months have gone by following my purchase conveyancing in Kingsnorth concluded. I have checked the Land Registry website 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.
Frank (my husband) and I may need to let out our Kingsnorth garden flat temporarily due to a career opportunity. We instructed a Kingsnorth conveyancing practice in 2001 but they have since shut and we did not think at the time get any guidance as to whether the lease permits subletting. How do we find out?
Some leases for properties in Kingsnorth do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I inherited a 2 bed flat in Kingsnorth, conveyancing formalities finalised in 2009. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Kingsnorth with an extended lease are worth £222,000. The ground rent is £50 per annum. The lease runs out on 21st October 2097
With only 71 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.