Having been told to check out your company we were about to appoint conveyancing solicitor in Sevenoaks found on your site but stumbled across alternative fee calculations via the web appear less pricey – how come?
One can find plenty of firms promoting so-called cut-price conveyancing, but additionalfees end up with the completion invoice markedly uplifted. In accordance with regulatory requirements fees listed in terms of business should be fair and reasonable invoiced The conveyancers that we list for conveyancing in Sevenoaks genuinely set out all costs for the property you intend tobuy.
We are only a couple days away from an exchange on a house in Sevenoaks and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my bank. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The conveyancing practitioner is duty bound to check with the bank to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
It is is a decade since I bought my home in Sevenoaks. Conveyancing solicitors have recently been retained on the sale but I am unable to track down the title deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a possibility that the deeds will be with your lender or they could still be with the solicitor who handled the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring up to date copy of the land registers. The vast majority of conveyancing in Sevenoaks relates to registered property but in the rare situation where your home is not registered it is more problematic but is resolvable.
What will a local search reveal concerning the property I am buying in Sevenoaks?
Sevenoaks conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search is essential in every Sevenoaks conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I have been on the look out for a flat up to £195,000 and identified one close by in Sevenoaks I like with open areas and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Sevenoaks for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
My wife and I purchased a leasehold flat in Sevenoaks. Conveyancing and Halifax mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Sevenoaks who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to incur the fees of a Sevenoaks conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a leasehold flat in Sevenoaks, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Sevenoaks with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 levied per year. The lease comes to an end on 21st October 2082
With only 62 years remaining on your lease the likely cost is going to be between £17,100 and £19,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.