Much to our surprise we have been advised by our estate agent that my New Romney solicitor is not on the lender Solicitor panel. How can I be sure if this is correct?
The sensible course of action for you to take is to call your New Romney lawyer directly. You lawyer should inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
Forgive me if this question is silly but I am unseasoned as a first time buyer of a two bedroom flat in New Romney. Do I collect the keys to the property on the completion date from my lawyer? If so, I will use a local conveyancing solicitor in New Romney?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s solicitors, and shortly after the monies have arrived, you will be able to collect the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
I have instructed a New Romney conveyancer having made sure that they are on the HSBC conveyancing panel. Does my lawyer arrange the survey of the property?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your New Romney postcode. As you are getting a mortgage with HSBC, you could contact them to see if they have a list of approved surveyors in New Romney.
UBS have agreed my mortgage in principle, my bid on a property in New Romney has been accepted, now what?
The property agent will wish to know who your solicitors are (make sure the property lawyers are on the bank’s panel). Contact UBS or your financial adviser and finish off any outstanding forms. UBS will instruct a valuer who will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes on average a week to receive the mortgage offer. UBS will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in New Romney.
How do I search for a New Romney solicitor on the HSBC Bank conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the solicitor.
Feel free to make use of the facility on this page. Please pick a mortgage company and your location and you will see a number of New Romney conveyancing lawyers based on proximity. We have listed some New Romney conveyancing firms at the bottom of this page and you can contact them to verify whether they are on the HSBC Bank approved list
In searching the web for the words conveyancing in New Romney it brings up numerous conveyancerslocally. How do I determine which is the suitable property lawyer for my move?
The best way of seeking a suitable conveyancer is through a trusted recommendation, so ask friends and relatives who have acquired a property in New Romney or a reputable estate agent or financial adviser. Charges for conveyancing in New Romney differ, so it's sensible to request a minimum of three fee calculations from different law firms. Dont forget to clarify that the costs are guaranteed not to escalate.
Can you provide any top tips for leasehold conveyancing in New Romney from the perspective of speeding up the sale process?
- Much of the delay in leasehold conveyancing in New Romney can be reduced where you instruct lawyers as soon as your agents start marketing the property and ask them to put together the leasehold information needed by the buyers’ conveyancers. If you have carried out any alterations to the premises would they have required Landlord’s consent? In particular have you laid down wooden flooring? New Romney leases often stipulate that internal structural changes or addition of wooden flooring require a licence issued by the Landlord consenting to such alterations. If you fail to have the consents to hand you should not contact the landlord without checking with your solicitor first. If you have had any disputes with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be nervous about purchasing a property where a dispute is unsettled. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to present the dispute as over as opposed to unresolved. Many landlords or Management Companies in New Romney charge for providing management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management information sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in New Romney.
I own a split level flat in New Romney, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in New Romney with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2074
With only 53 years left to run we estimate the premium for your lease extension to be between £27,600 and £31,800 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.
There are a lot of properties in New Romney on unadopted lanes. We are acquiring one such house. Are there any benefits to buying a residence on a privately owned road?
New Romney conveyancing practices are used to conveyancing houseson private. The property lawyer should review the title to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that proprietors make annual contributions for the upkeep of the road. Where there is one, the road will likely be maintained and look nicer than publicly maintained.