I have just been advised by my broker that my Swanley lawyer is not on the mortgage company Conveyancing panel. What can I do to be sure whether this is correct?
The best course of action for you to take is to contact your Swanley lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Various internet forums that I have frequented warn that are the number one reason for delay in Swanley conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Swanley.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Swanley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Swanley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build apartment in Swanley. 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 selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Swanley
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey done on a house in Swanley before appointing solicitors. I have been told that there is a flying freehold element to the property. The surveyor has said that some mortgage companies will not grant a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Swanley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Swanley to see if the conveyancing costs will increase in light of this.
What is the difference between surveying and conveyancing in Swanley?
Conveyancing - in Swanley or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the vendor to fix the defects before you complete your move.