The sellers of the home we are purchasing have instructed a conveyancing solicitor in Maidstone who has recommended a preliminary agreement with a down payment 6,000. Are such agreements sensible?
This type of arrangement is unusual in Maidstone, conveyancers are not keen on them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the lawyer is left exposed. In addition, there is no certainty that just because the vendor has executed a lock out contract they will sell to you. They may be motivated to break the contract if they receive a large enough incentive to do so because an aggrieved party with the benefit of a exclusivitycontract will still have to show losses as a consequence of the breach and this may not equalise the financial benefit that your vendor may gain by breaching the contract, no matter how morally reprehensible that may be.
Is there a reason why leasehold purchase conveyancing in Maidstone costs more?
In summary, leasehold conveyancing in Maidstone and elsewhere usually requires more due diligence compared to freehold transactions. This includes lease investigation, corresponding with the landlord concerning serving appropriate notices, obtaining up-to-date service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.
How can we know in advance if a Maidstone conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Maidstone getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor handling your conveyancing.
Planning on purchasing a house in Maidstone. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Maidstone property lawyer is on the Virgin Money conveyancing panel.
I had an offer accepted on a property in Maidstone on 16/11/2020, valuation was booked 4 days later, received a clean bill of health. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Barclays and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Barclays conveyancing panel. Are Barclays entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
Despite weeks of looking the Title Certificate and documents to my property are lost. The solicitors who did the conveyancing in Maidstone 4 years ago have long since closed. What are my options?
Assuming you have a registered title the information relating to your ownership will be held by the Land Registry with a Title Number. It is easy to perform a search at the Land Registry, locate your house and obtain current copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will usually retain a certified duplicate of the Registered Lease and again, a copy can be obtained for a small fee.
How does conveyancing in Maidstone differ for newly converted properties?
Most buyers of new build property in Maidstone come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Maidstone tend to buy the real estate, 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 conveyancing solicitors 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 Maidstone or who has acted in the same development.
My partner has suggested that I use his lawyers for conveyancing in Maidstone. Do I take his advice?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to get feedback from friends or family who have actually used the firm you're are thinking of instructing.