In the event thatI were to acquire a straightforward propertyin Strood mortgage fee and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Strood?
The sole saving you would make on is the costs for searches. A property lawyer still be obliged to do everything else - money laundering, communicating with the sellers property lawyer, SDLT submission, register the ownership etc. A slight saving might be made by not needing to register a charge however it will not be significant.
Why do I have to pay up front when it comes to conveyancing in Strood?
Where you are retaining lawyers for conveyancing in Strood your solicitor will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the purchase price then this will be needed shortly in advance of exchange of contracts. The closing balance that is needed should be sent to your lawyer shortly before completion.
I opted to have a survey completed on a house in Strood ahead of retaining solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will not issue a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Strood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Strood to see if the conveyancing costs will increase in light of this.
I have been sourcing a conveyancing lawyer in Strood for my house move. Is there any facility to see a solicitor's complaints history with the legal regulator?
Anyone may find presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA could recorded call for training requirements.
Back In 2008, I bought a leasehold house in Strood. Conveyancing and Barclays Direct mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Strood who previously acted has long since retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Strood conveyancing practitioner to do this as it can be done on-line for £3. Rest assured 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.
Strood Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
Many Strood leasehold flats will have a service bill for maintenance of the building set by the freeholder. Should you buy the property you will have to pay this amount, usually periodically throughout the year. This could be anything from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge to be met annual, normally this is not a significant sum, say about £50-£100 but you should to check it because occasionally it can be many hundreds of pounds. The prefered form of lease structure is a share of the freehold. In this situation the lessees benefit from control and even though a managing agent is usually retained where it is larger than a house conversion, the managing agent is directed by the tenants. On the whole the outlay for major works are not included within maintenance charges, although some managing agents in Strood require tenants to pay into a sinking fund created for the specific intention of building a fund for major repairs or maintenance.
Me and my partner are buying a four room apartmentin Strood with a home loan from a lender. We have a solicitor in Strood but our mortgage company advise he's not on their "panel". Apparently we need to choose one of the our mortgage company panel solicitors or keep our Strood conveyancer and incur the extra costs for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that our mortgage company use our Strood lawyer?
Unfortunately,no. The lender mortgage issued is subject to its terms and conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most banks had large numbers of law firms on their panels, including almost all conveyancing solicitors in Strood : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your lender.