When does exchange of contracts occur in domestic conveyancing in Meopham and am I required to attend the solicitors branch?
Where you are local to one of the conveyancing solicitors in Meopham you are invited in to sign contracts. That being said, the lender approved solicitors we recommend offer a national conveyancing service and give as equally detailed and professional a job for you when communicating with you digitally. The signing of the sale agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the solicitor to officially exchange at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Meopham)to be in the office at the appropriate time.
We wanted to use a property lawyer in Meopham for our home move. Our financial adviser informed us that our bank The Mortgage Works won't deal with them. Why is this not regarded as unfair competition?
A decade ago most lenders had a different appetite for risk. Almost all Meopham conveyancing firms would have been on most mortgage company panels. The FSA in 2010 conducted a thematic review into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more data from law firms concerning their operations and their employees as well as establishing certain criteria such a completing on a minimum number of conveyancing. Many Meopham conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Meopham is one of the thousands of locations where the lawyers we list are on the panel for The Mortgage Works.
A colleague informed me that in purchasing a property in Meopham there may be various restrictions preventing external alterations to the property. Is this right?
There are anumerous of properties in Meopham which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Meopham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am currently in the process of buying my council flat in Meopham. I have a mortgage offer with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
The formalities of my purchase has taken place for my property in Meopham. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
My colleague suggested that where I am purchasing in Meopham I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Meopham conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Meopham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Meopham Education with plans and statistics, Local Amenities and other useful data regarding Meopham.
We are four weeks into a freehold purchase having been directed to a firm by the local agent to execute conveyancing in Meopham. I am am starting to be frustrated with the level of service. Can you help me find new solicitors?
A conveyancer would have to be really bad in order to consider replacing them. Has the mortgage been generated? If so you need to inform them of the new conveyancer and have the offer are re-issued. Your solicitor ideally should be on the banks approved list to avoid added fees and delays. So that should be your first question of the new conveyancers. The find a solicitor tool will help you find a lender approved conveyancer for your conveyancing in Meopham
Can you offer any advice when it comes to appointing a Meopham conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Meopham conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Meopham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
How familiar is the practice with lease extension legislation? What are the charges for lease extension work?
I acquired a ground floor flat in Meopham, conveyancing was carried out 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Meopham with a long lease are worth £202,000. The ground rent is £60 yearly. The lease ceases on 21st October 2080
You have 56 years remaining on your lease we estimate the price of your lease extension to range between £29,500 and £34,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.