The Sittingbourne conveyancing firm handling our Sittingbourne conveyancing has spotted an inconsistency between the information in the home valuation survey and what is in the legal papers for the property. My lawyer says that he is duty bound to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action appropriate?
Your lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
How does conveyancing in Sittingbourne differ for new build properties?
Most buyers of new build property in Sittingbourne come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Sittingbourne usually acquire the site, 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.
I decided to have a survey completed on a property in Sittingbourne in advance of appointing lawyers. I have been informed that there is a flying freehold element to the house. My surveyor has said that some lenders tend not issue a loan on such a home.
It varies from the lender to lender. HSBC has different instructions from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Sittingbourne. Conveyancing may be slightly more expensive based on your lender's requirements.
My company is planning to take an assignment of a lease of an office on a shopping parade. Can you recommend solicitors offering no-move-no costs for commercial conveyancing in Sittingbourne for below 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Sittingbourne, including the disposal and purchase of businesses as well as simply property. If you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right firm. As for the costs these will vary based on the structure and terms of the deal. Please provide us with your contact information or phone us so that we may provide you with a detailed commercial conveyancing calculation.
Frank (my husband) and I may need to rent out our Sittingbourne 1st floor flat for a while due to a new job. We instructed a Sittingbourne conveyancing firm in 2001 but they have closed and we did not think at the time seek any guidance as to whether the lease allows us to sublet. How do we find out?
A small minority of properties in Sittingbourne do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Sittingbourne Leasehold Conveyancing - Examples of Questions you should ask before buying
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What is the maintenance charge and ground rent on the flat? The best form of lease arrangement is a share of the freehold. In this situation the tenants enjoy control and although a managing agent is often retained if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Its a good idea to find out as much as possible concerning the company managing the building as they will either make your living at the property much easier or uncomfortable. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to practical issues like the upkeep of the common parts. Ask other tenants whether they are happy with their management. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the appropriate party and specifically how they are spending that money.
Why is it not possible to complete my conveyancing in Sittingbourne on Easter Monday?
Because on completion the funds needs to pass between the banks of the buyer and owner’s solicitor and currently this can only happen on a business day. So you can't complete on a saturday or sunday either.