Am I correct in assuming that the fact that my solicitor in Romney is not on my lender's conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
That is most likely a wrong assumption to make. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Romney conveyancing practice and enquire why they are no longer on the approved list for your bank.
We are a couple about to sign contracts for a leasehold flat in Romney. We encountered a snag. The loan offer with Virgin Money expires on 8/10/2025 but the vendors are putting forward a completion date of 10/10/2025. Is it possible to prolong the loan expiry date?
The best person to deal with your concern is your lawyer who should determine if he or she is should be discussing with the mortgage company, vendor’s lawyers, estate agents or conceivably all three given what has gone on in your conveyancing as of today.
I require expedited conveyancing in Romney as I have an ultimatum to complete within one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to have searches carried out although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Romney the following are examples of what can be revealed and adversely impact future saleability: Enforcement Notices, Overdue Charges, Overdue Grants, Unadopted Roads,...
Just had an offer accepted on a new build apartment in Romney. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Romney
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
How can the Landlord & Tenant Act 1954 impact my commercial offices in Romney and how can you help?
The 1954 Act gives a safeguard to commercial leaseholders, giving them the legal entitlement to make a request to court for a new lease and continue in occupation at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Romney is one of the hundreds of locations in which the firms we work with have offices
My wife and I purchased a leasehold flat in Romney. Conveyancing and Skipton Building Society mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Romney who acted for me is not around. What should I do?
First make enquiries of HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Romney conveyancing practitioner to do this as it can be done on-line for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Romney Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying
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How many years remain on the lease? Most Romney leasehold apartments will be liable to pay a service charge for maintenance of the block levied by the freeholder. Where you buy the apartment you will have to pay this contribution, normally periodically throughout the year. This may vary from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. In all likelihood there will be a rentcharge for you to pay yearly, normally this is not a significant figure, say around £25-£75 but you need to enquire it because sometimes it can be many hundreds of pounds. Make sure you investigate if there are any onerous restrictions in the lease. For example it is fairly common in Romney leases that pets are not allowed in in a block in Romney. If you love the flatin Romney yet your dog can’t make the move with you then you will be presented with a hard decision.