Why is leasehold purchase conveyancing in Sidcup is more expensive?
The conveyancing costs on a leasehold property in Sidcup is inevitably more expensive as compared to a freehold property. This is because there is an amount of additional time necessary in liaising with the landlord and managing agents to collate the information concerning whether the rent and service fee have been cleared and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
I am buying a flat and need a conveyancing solicitor in Sidcup who is on the Coventry Building Society conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Coventry Building Society in certain locations such as Sidcup. We dont recommend any particular firm.
I have today made my last payment due on my mortgage with Principality. I assume I don't need a Sidcup conveyancing practitioner on the Principality panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Sidcup. I have a mortgage offer with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
About to purchase flat in Sidcup. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Sidcup property lawyer is on the Santander conveyancing panel.
I am buying a house and the solicitor has referenced Chancel Repair to which the house could be obligated to contribute to given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly warranted for conveyancing in Sidcup
Unless a previous acquisition of the property took place after 12 October 2013 you could take it that solicitors conducting conveyancing in Sidcup to remain encouraging a chancel search and or insurance against a claim.
My wife and I purchased a 4 bedroom Victorian house in Sidcup. Conveyancing practitioner acted for me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the matching property. Is it worth asking Nationwide Building Society to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sidcup and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing lawyer who conducted the purchase.
I am buying a new build apartment in Sidcup. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Sidcup
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.