Having sold my house in Ashford Kent last November but my buyer keeps telephoning me complaining that his lawyer needs to hear from mysolicitor. What should have happened now that I have sold?
Following your sale your solicitor is obliged to forward the transfer deeds and all of the paperwork to the purchaser's lawyers. If applicable, your solicitor must also confirm that the mortgage has been paid off to the purchasers solicitors. There is unlikely to be post completion tasks peculiar conveyancing in Ashford Kent.
We have agreed to purchase a house in Ashford Kent. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Coventry BS your lawyer must check the formal requirements contained in Part two of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Coventry BS where a lease fails to meet these provisions. The requirements relate to the installation of panels on properties countrywide and is not limited to Ashford Kent.
I have a mortgage with Kent Reliance for my property in Ashford Kent. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance in advance of renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel firm.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Ashford Kent building society branch on numerous occasions and was advised it wasn't a problem and they would lend. My Ashford Kent conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. I simply don't know who is right.
The conveyancing practitioner must comply with the Council of Mortgage Lenders’ Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the bank 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
The deeds to my home are lost. The solicitors who conducted the conveyancing in Ashford Kent 4 years ago have long since closed. What do I do?
Gone are the days when you need to have the physical original deeds to evidence that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
I opted to have a survey carried out on a house in Ashford Kent in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ashford Kent. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ashford Kent to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Ashford Kent and I am already nervous. I couldn't find anything specific about Ashford Kent. Conveyancing will be needed in due course but do you know about the Ashford Kent area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ashford Kent. In the meantime here are some basic statistics that we found
Last March I purchased a leasehold house in Ashford Kent. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Ashford Kent Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
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Does the lease have onerous restrictions? Please tell me if there are any major works in the planning that will likely add a premium to the service fees? Where a Ashford Kent lease has no more than eighty years it will impact the value of the flat. It is worth checking with your bank that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and it is worth discovering how much this would cost. Remember, in most cases you will be be obliged to have been the owner of the residence for a couple of years before you are eligible to exercise a lease extension.