We are approaching an exchange on a property in Snodland and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The solicitor is obliged to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Can I use your services to locate a Conveyancing solicitor in Snodland even where I’m not buying or disposing of a house, for example if I intend to buy a shop in Snodland with a loan from Santander?
Our search tool is primarily used to help choose domestic conveyancing solicitors in Snodland but we have recorded at the end of this page a selection of Snodland commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they can also act for Santander
A friend pointed out to me me that in purchasing a property in Snodland there may be a number of restrictions preventing external changes to the property. Is this right?
We are aware of a number of properties in Snodland which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Snodland should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My fiancee and I are at the point of looking at houses in Snodland and I am now considering a potential offer. Is it wise to have a property lawyer on ‘stand by’? I will be getting a mortgage with Skipton.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are getting a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Snodland building society branch on a couple of occasions and was told it wasn't an issue and they will lend. My Snodland conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their specific requirements. Who do I believe?
The solicitor has to follow the Council of Mortgage Lenders’ Handbook section two conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Just had an offer accepted on a new build flat in Snodland. Conveyancing is daunting 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 few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Snodland
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
My husband and I are FTB’s - agreed a price, but the selling agent has warned us that the owners will only issue a contract if we instruct the agent's chosen conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor who is accustomed to conveyancing in Snodland
It is improbable the owners are behind this. If they require ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Try to communicate with the vendors directly and make sure they understand (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you will continue to appoint your preferred Snodland conveyancing lawyers - as opposed tothe ones that will give the estate agent a commission or meet his conveyancing targets set by HQ.
My wife and I purchased a leasehold house in Snodland. Conveyancing and Bank of Ireland mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Snodland who previously acted has now retired. Do I pay?
The first thing you should do is contact HMLR to make sure that this person is in fact the new freeholder. You do not need to instruct a Snodland conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a basement flat in Snodland, conveyancing was carried out 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Snodland with over 90 years remaining are worth £175,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease runs out on 21st October 2083
With just 58 years unexpired the likely cost is going to span between £23,800 and £27,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.