We note that you have a post code search directory listing law firms on the Clydesdale conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Maidstone?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Maidstone.
I had intended to instruct a property lawyer in Maidstone for our house purchase. Our broker has since advised us that our mortgage lenders Barclays won't deal with them. Why is this not regarded as unduly restrictive?
Banks ordinarily imposes restrictions either the type or the amount of conveyancing practices on their panel. A common example of such restriction(s) being that a law practice must have two or more partners. In addition to restricting the type of firm, some have limited the amount of solicitor practices they allow to represent them. You should note that Barclays have no responsibility for the quality of advice provided by any member of Barclays Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of conveyancing panels since 2008 even though there are mixed opinions about the extent of solicitor engagement in some of that fraud. Figures from the Land Registry indicate that plenty of law firms, including some in or near Maidstone only carry out one or two conveyances per annum.
I have recentlybecome aware that Stirling Law have closed. They conducted my conveyancing in Maidstone for a purchase of a leasehold apartment 10 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Maidstone conveyancing specialists.
I am looking for a ground for flat up to £245,000 and found one near me in Maidstone I like with open areas and station nearby, however it's only got 52 remaining years left on the lease. There is not much else in Maidstone in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage that many years will be problematic. Discount 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 can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My wife and I purchased a leasehold flat in Maidstone. Conveyancing and TSB mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Maidstone who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. There is no need to instruct a Maidstone conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a leasehold flat in Maidstone, conveyancing formalities finalised 4 years ago. How much will my lease extension cost? Comparable flats in Maidstone with a long lease are worth £227,000. The ground rent is £50 levied per year. The lease runs out on 21st October 2093
With only 72 years unexpired the likely cost is going to range between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
Me and my husband have agreed a price on a Maidstone bungalow we inherited seven years ago in 2012. I have over a decades worth of conveyancing know-how and, now retired, see no reason not to carry out the legal work. The buyer's conveyancing practitioner has informed me that their mortgage company will not allow you to do your own conveyancing mandating that the funds to be transferred to a solicitor's bank account.
Lending instructions to property lawyers from all mainstream lenders state that If the seller does not have legal representation the purchaser’s lawyers should check whether the lender needs to be informed so that a decision can be reached if they are willing to move forward.