Unfortunately I am unable to travel far from Sittingbourne. Is there a reason why all Sittingbourne lawyers aren't automatically on all bank panels?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This led to mortgage companies removing less reputable firms from their official list of approved property lawyers .
Do the conveyancing lawyers that you recommend handle right to buy conveyancing in Sittingbourne?
We work with a number of conveyancing conveyancers who can conduct right to buy transactions Please get in touch with the conveyancers listed to obtain a costs illustration.
About to purchase a new build flat in Sittingbourne. Conveyancing is necessary evil 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 conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Sittingbourne
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Hoping to buy a property located in Sittingbourne and I am already nervous. I couldn't find anything specific about Sittingbourne. Conveyancing will be needed in due course but do you know about the Sittingbourne area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Sittingbourne. In the meantime here are some basic statistics that we found
My wife and I purchased a leasehold flat in Sittingbourne. Conveyancing and Leeds Building Society mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Sittingbourne who acted for me is not around. Any advice?
First make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. There is no need to instruct a Sittingbourne conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Sittingbourne Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
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Who are the managing agents? For many Sittingbourne leaseholds the cost for major works tend not to be incorporated into the service charges, although there some managing agents in Sittingbourne require leasehold owners to pay into a reserve fund and this is used to offset against major repairs or maintenance. How much is the ground rent and service charge?
I am just shy of a 10% deposit on my apartment purchase in Sittingbourne , but I am keen exchange. What can I do?
You can accept a lesser deposit. Many property owners will accept a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute