Will lawyers request an advanced payment for my conveyancing in Ashford?
Where you are retaining lawyers for conveyancing in Ashford your solicitor will ask you put them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. When the deposit is as part of the purchase price then this should be needed shortly in advance of contracts are exchanged. The closing balance that is due should be transferred a few days ahead of the day of completion.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather appoint a Ashford based conveyancing firm?
You should check but the the likelihood is that appoint one of their panel lawyers should you want the "fee-free" offer. Contact the lender and explore if they allow a monetary alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Ashford.
I am downsizing from our house in Ashford and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the purchasers are using an online conveyancing outfit as opposed to a conveyancing solicitor in Ashford. Having lived in Ashford for many years we know of no issue. Should we contact our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
How does conveyancing in Ashford differ for newly converted properties?
Most buyers of new build premises in Ashford approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Ashford tend to 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 Ashford or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Ashford I like with open areas and railway links in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Ashford for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan that many years may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I have been pointed in your direction by numerous estate agents in Ashford to find a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to recommend your services rather than alternative conveyancing organisations?
We don’t make any referral fee for directing people in our direction. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.