I'm in the process of swapping over from my domestic loan to a Buy to Let Yorkshire Building Society mortgage. I have been informed by my broker that I require a lawyer for this. I got in contact with my past Sevenoaks conveyancing practitioner who who did the conveyancing when I originally acquired the house. The quote issued of just over five hundred pounds has shocked me as its a remortgage than a sale or purchase.
The charges seem a bit high. If you you were to look around you might reduce the fees marginally by say a hundred pounds. On the other hand, if you were satisfied with the legal work the firm gave you couldlive to rue choosing an a cheaper conveyancer. If is important to be sure that the firm can act for Yorkshire Building Society. Do employ our search tool to find a Sevenoaks conveyancing firm on the Yorkshire Building Society member panel, which can often include conveyancing solicitors in Sevenoaks.
We are buying a brand new apartment in Sevenoaks and my solicitor is informing me that she has to the lender to reveal incentives from the builder. I am on a tight deadline to exchange contracts and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My wife and I are selling our house in Sevenoaks and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street Sevenoaks conveyancer would know this is not the case. It does beg the question why the purchasers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Sevenoaks. We have lived in Sevenoaks for 4 years we know that this is a non issue. Do we contact our local Authority to seek confirmation that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I used Arc property Solicitors several years past for my conveyancing in Sevenoaks. Now, I need the files but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sevenoaks of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey completed on a property in Sevenoaks ahead of appointing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some lenders may refuse to grant a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Sevenoaks. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sevenoaks to see if the conveyancing costs will increase in light of this.
Harry (my fiance) and I may need to sub-let our Sevenoaks 1st floor flat for a while due to taking a sabbatical. We used a Sevenoaks conveyancing practice in 2002 but they have closed and we did not have the foresight to get any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
A lease dictates relations between the landlord and you the flat owner; specifically, it will indicate if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Sevenoaks do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
Leasehold Conveyancing in Sevenoaks - Examples of Questions you should ask before buying
-
What is the the remaining lease term? Please inform me if there are any major works in the near future that could increase the service fees?