Find a Lender-Approved Local Conveyancer in Margate

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Margate Conveyancing Statistics*

  • 1 Average Land Registry Fee for this year to date was £270
  • 2 Percentage of cases in Margate that are buy to let is 26%
  • 3 125 is the median number of years remaining on leases in Margate
  • 4 Average time from start to moving day was 110 days for conveyancing in Margate
  • 5 Percentage of leasehold conveyancing purchases in Margate is 20% where there is a share in the management company or freehold company

Examples of recent conveyancing in Margate since June 2022*

Acquisition

of flat Victoria Road CT9 1RD, purchased for £220,000. Leasehold conveyancing legalities included: drafting the sale agreement and Transfer, securing official copies of the title, setting up the completion formalities

Sale

of house premises, Victoria Road, CT9 1RD completing on 08/07/2022 at a price of £415,000. The conveyancing process incorporates some of the following tasks: sending conveyancing papers to buyers representatives, preparing statement detailing charges, setting up the completion formalities

Purchase

of flat The Passage CT9 1AF, acquired for £110,000. Leasehold conveyancing due diligence included: drafting the sale agreement and Transfer, sending conveyancing papers to buyers representatives, setting up the completion formalities

Transfer

of apartment Union Crescent CT9 1NR, at purchase consideration of £220,000. Leasehold conveyancing included: ordering official copies of the title, agreeing completion date with parties, preparing statement detailing charges

Recently asked questions about conveyancing in Margate

The owners have rather brash vendors who has insisted on a preliminary agreement with a payment two thousand pounds. Are such arrangements recommended for Margate conveyancing transactions?

There are two primary downsides with executing a lock out contract (sometimes known as a shut-out contract) is that it diverts attention away from progressing with the conveyancing work, so unless it requires limited or no negotiation then it may turn out to be unhelpful. It is not strongly advocated amongst Margate conveyancing practitioners as a result. A further issue is the extent of the remedies available - a jilted buyer should not expect to win injunctive relief to prohibit the owner completing the sale to a third party, so the only remedy open via the contract will be the recovery of wasted charges and, in limited circumstances, the additional payment of damages.

We just had an offer accepted to buy with Coventry BS. I went into a couple of local practices but am struggling to find a Margate conveyancing firm on the Coventry BS approved list. Can you assist?

Please do make use of the search tool on this web page. Pick the building society and type Margate or your location and you will be presented with numerous solicitors located in Margate or nearest you.

My father pointed out to me me that in buying a property in Margate there may be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?

We are aware of anumerous of properties in Margate which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Margate should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Margate bank branch on a couple of occasions and was reassured it wasn't an issue and they would lend. My Margate conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?

Your solicitor has to follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.

My offer was accepted on a property in Margate on 1/8/2022, valuation was booked 2 days later, all came back fine. Solicitor appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Co-operative and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Co-operative conveyancing panel. Are Co-operative entitled to hold back the Mortgage pending the lawyer being on the approved list?

Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.

I am buying a property and the lawyer has referenced Chancel Repair for which the house may be liable because it falls into the area of such a church. He has recommended insurance. Is this strictly required for conveyancing in Margate

Unless a previous acquisition of the house completed after 12 October 2013 you could take it that lawyers carrying out conveyancing in Margate to remain recommending a chancel search and or chancel repair liability policy.

I have been on the look out for a flat up to £235,500 and found one round the corner in Margate I like with a park and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Margate in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

Being a leasehold owner I am on the hook for a service charge for my property in Margate. As a result of personal circumstances I fell into arrears with remittance. The managing agents agreed a clearance schedule but there remains two left in arrears.

I now wish to sell and I am nervous that this could hold me back if I have to settle the amount due first. Do I have to settle before - is this possible?

It would be wise to clarify with the conveyancing practitioner carrying out your Margate conveyancing but one option might be to arrange for the debt to be passed to the purchasers. The final price payable would be adjusted to reflect the amount of debt they take on. They would then pay the arrears once they are the owners.

Last updated

Sample of conveyancing solicitors in Margate regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Margate but also conveyancing throughout England and Wales.

  • Boys & Maughan, India House, Hawley Street, Margate, Kent, CT9 1PZ
  • Hardman And Watson Limited, 5 Lloyd Road, Broadstairs, Kent, CT10 1HX
  • Barnes Marsland Solicitors Limited, 103 High Street, Broadstairs, Kent, CT10 1JS
  • Thorn Drury & Searles, 76 High Street, Ramsgate, Kent, CT11 9RS
  • Marsden Duncan, Success House, 49-51 High Street, Ramsgate, Kent, CT11 9AG

Commercial Conveyancing solicitors in Margate regulated by the SRA

The firms listed below are a small selection of solicitors in Margate with expertise in commercial conveyancing in Margate. This may include advice on commercial leases including all matters relating to landlord and tenant law
  • Boys & Maughan, India House, Hawley Street, Margate, Kent, CT9 1PZ
  • Hardman And Watson Limited, 5 Lloyd Road, Broadstairs, Kent, CT10 1HX
  • Barnes Marsland Solicitors Limited, 103 High Street, Broadstairs, Kent, CT10 1JS
  • Nicholls Lawyers, Flat 7, Grand Mansions, Queens Gardens, Broadstairs, Kent, CT10 1QF
  • Thorn Drury & Searles, 76 High Street, Ramsgate, Kent, CT11 9RS

Planning law solicitors in Margate regulated by the Solicitors Regulation Authority

The solicitors listed below are a small selection of solicitors in Margate specialising in planning law. This may include advice on making sure people do what the planning regulations say
  • Boys & Maughan, India House, Hawley Street, Margate, Kent, CT9 1PZ

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.