I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Sheerness. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/9/2021, the requirements read as follows :
Just bought a terraced house in Sheerness , What is the estimated time for the Land Registry to record the transfer to my name? My Sheerness conveyancing solicitor works at snail pace, so I want to be sure the registration formalities are addressed.
There is nothing unique about conveyancing in Sheerness registration formalities. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry have to notify any other persons or bodies. As of today in the region of 80% of such applications are fully addressed in less than three weeks but some can be subject to protracted hold-ups. Registration takes place once the buyer has moved in to the property so an expedited registration is not typically top priority yet where it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
How does conveyancing in Sheerness differ for newly converted properties?
Most buyers of new build premises in Sheerness approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Sheerness tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Sheerness or who has acted in the same development.
I decided to have a survey completed on a property in Sheerness ahead of retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders tend refuse to grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Sheerness. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sheerness to see if the conveyancing will be more expensive.
We're first time buyers - had an offer accepted, yet the estate agent informed us that the owners will only issue a contract if we use the agent's recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer who is accustomed to conveyancing in Sheerness
We suspect that the seller is unaware of this request. Should the vendor desire ‘a quick sale', turning down a serious purchaser is counter productive. Bypass the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Sheerness conveyancing firm - not the ones that will provide their estate agent a introducer fee or achieve conveyancing targets set by HQ.
What are your top tips when it comes to appointing a Sheerness conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Sheerness conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Sheerness conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
Can they put you in touch with clients in Sheerness who can give a testimonial? How familiar is the firm with lease extension legislation?
Sheerness Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
Does the lease have onerous restrictions? How much is the service charge and ground rent on the property? In the main the outlay for major works tend not to be included within service charges, although some managing agents in Sheerness require leaseholders to pay into a sinking fund created for the specific intention of establishing a fund for major repairs or maintenance.