Unfortunately I am unable to travel far from Margate. Is there a reason why all Margate conveyancers aren't included on all bank panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or conveyancer’s viewpoint, the flip side is that mortgage companies are increasingly anxious and regard it necessary to protect them against mortgage fraud. As a result of this concern lenders are limiting their panel of approved conveyancing lawyers to a manageable size.
A friend advised me that if I am purchasing in Margate I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Margate conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Margate around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Margate Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Margate Education with maps and statistics, Local Amenities and other useful data concerning Margate.
The deeds to my home are lost. The solicitors who conducted the conveyancing in Margate 5 years ago have long since closed. What are my next steps?
As long as the title is registered the information relating to your ownership will be documented by the Land Registry under a Title Number. It is easy to execute a search at the Land Registry, identify your house and order up to date copies of the Registered Entries for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases hold a file duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Margate is where the house is located. Can you shed any light on this issue?
Flying freeholds in Margate are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Margate you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Margate may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm converting the mortgage on my current property to a buy to let mortgage with Leeds Building Society and I will use the ballance of the raised equity towards a second house. The area we are looking at is Margate. Will your solicitors be able to act for both sets of mortgage companies and link together the conveyances?
Do use our search tool on this page to be sure that the conveyancers are on the relevant lender panels. On the basis that they are your solicitor will be able to connect the two deals but you should talk with you solicitor and communicate your expectations and needs.
Please set a few of compelling advantages to choosing a high street lawyer in Margate
Home movers in Margate opt for a local lawyer so that they can attend the lawyer’s offices just in case they have concerns, and to sign mortgage deeds without using the post.
There is a marginal advantage when selecting a conveyancing practitioner local to the property you are buying, due to the in-depth knowledge of the area and potential local issues - yet this is moot. The majority of conveyancers are now by way of email and may be practically anywhere.