I plan on buying an apartment in Sittingbourne. My Conveyancer is not listed on the lender solicitor panel. Can I still retain my Sittingbourne conveyancing solicitor notwithstanding that they are excluded from the bank approved list?
You must appoint a property lawyer to deal with the legal work required when you require a mortgage to buy your home. They will carry out all the necessary investigations on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage documentation is in place. One may appoint a Sittingbourne conveyancer of your choosing. However, if the conveyancing practitioner appointed is not on the mortgage company conveyancing panel supplemental fees will arise as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so provided your lawyer has not in the past applied for membership they should take the chance to apply.
I purchased a freehold house in Sittingbourne but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Sittingbourne and has limited impact for conveyancing in Sittingbourne but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Do I have to pop into the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Sittingbourne so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for mortgage companies carry out their communications through Royal Mail, e-mail or over phone calls. This means that they can undertake the legal work for your home move regardless of where you live in the country. However you can check if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Sittingbourne?
There are two types of lawyers who can perform conveyancing in Sittingbourne namely CLC regulated conveyancers or solicitors. Both professionals handle conveyancing services that required to complete the sale or purchase of property. They are both duty bound to execute Sittingbourne conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be properly carried out and that the requirements and procedures should be accurately followed.
I am purchasing a end of terrace house in Sittingbourne. The intention is to carry out a loft conversion at the house.Will legal due diligence on the property include enquiries to ascertain if these alterations are permitted?
Your solicitor should review the registered title as conveyancing in Sittingbourne can sometimes identify restrictions in the title deeds which restrict categories of works or necessitated the permission of a 3rd party. Some works call for local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
I am purchasing a property in Sittingbourne. A rare aspect is that the roof has a solar panel. UBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with UBS your lawyer must comply with the formal instructions outlined in Part 2 of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancers are required to report to UBS where a lease does not satisfy these provisions. The provisions relate to the installation of panels on properties nationwide and is not restricted to Sittingbourne.
How does conveyancing in Sittingbourne differ for new build properties?
Most buyers of new build premises in Sittingbourne come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Sittingbourne usually purchase the land, 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 conveyancing solicitors 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 Sittingbourne or who has acted in the same development.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Sittingbourne I like with a park and station in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Sittingbourne in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.