I am getting a mortgage offer from Nat West. I intend to instruct a Licensed Conveyancer in Whitstable. Does the Nat West Solicitor panel exclude conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I have an AIP. The bank mentioned the loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would much rather instruct a Whitstable based conveyancing firm?
You should check but the chances are that appoint one of their panel solicitors if you want the "fee-free" incentive. Speak to the lender and explore if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Whitstable.
Just had an offer accepted on a new build apartment in Whitstable. Conveyancing is a frightening process 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 are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Whitstable
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Due to the guidance of my in-laws I had a survey completed on a house in Whitstable before retaining lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies will refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different instructions from Halifax. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Whitstable. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the term cheap conveyancing in Whitstable it shows results of many conveyancersin the vicinity. How do I determine which is the right property lawyer for purchase transaction?
The best way of seeking the right conveyancer is via trusted referral, so ask colleagues and family who have bought a property in Whitstable or a respected estate agent or mortgage broker. Charges for conveyancing in Whitstable vary, so it's advisable to obtain at least three fee estimates from varying types of solicitors. Dont forget to clarify that the costs are guaranteed not to rise.
I am attracted to a couple of apartments in Whitstable both have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the marketability of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.
Whitstable Leasehold Conveyancing - Sample of Questions you should consider before Purchasing
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Be sure to discover if there are any onerous prohibitions in the lease. For example it is fairly common in Whitstable leases that pets are not allowed in in a block in Whitstable. If you like the propertyin Whitstable but your dog can’t make the move with you then you have a very hard compromise. Most Whitstable leasehold flats will have a service bill for maintenance of the building invoiced by the landlord. Should you acquire the property you will have to meet this amount, normally periodically accross the year. This may be anything from several hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all likelihood there will be a ground rent for you to pay annual, normally this is not a large sum, say about £25-£75 but you need to enquire as occasionally it can be many hundreds of pounds. Best to be warned whether fixing the lift or some other significant cost is coming up to be shared amongst the leaseholders and will materially increase the the service charges or necessitate a one time invoice.