I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would much rather use a Chatham based conveyancing firm?
Do check but the the probability is that allocate you one of their panel solicitors if you take up the "fee-free" offer. Speak to the mortgage company and check if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Chatham.
My bid for a property was accepted at auction in Chatham. Conveyancing is necessary. What happens now?
Now that you are exchanged you will need to instruct a conveyancing practitioner quickly as you now have a fast approaching a drop dead date to complete the transaction. An auction property will ordinarily have a corresponding auction pack. This should include evidence of title and search results. In the case of leasehold premises the auction pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.
I am purchasing a property in Chatham. A rare aspect is that the roof has a solar panel. Nationwide 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 your lender is Nationwide your lawyer must follow the conveyancing requirements set out in Part 2 of UK Finance Lenders’ Handbook for Nationwide. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Nationwide where a lease fails to meet these requirements. The conditions relate to the installation of panels on properties nationwide and is not restricted to Chatham.
Kent Reliance have agreed my mortgage in principle, my bid on a flat in Chatham has been accepted, now what?
The estate agent will wish to be informed of your property lawyer's details (ensure that the lawyers are on the lender’s approved list). Call up Kent Reliance or the broker and complete any appropriate forms. Kent Reliance will appoint a valuer who will get in contact with the estate agent or vendor to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. Kent Reliance will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chatham.
My partner and I are downsizing from our house in Chatham and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Chatham lawyer would know this is not the case. It does beg the question why the buyers used a national conveyancing outfit as opposed to a conveyancing solicitor in Chatham. Having lived in Chatham for 4 years we know of no issue. Should we get in touch with 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 need to enquire of 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)
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Chatham I like with open areas and station nearby, however it's only got 52 years on the lease. There is not much else in Chatham suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a home loan the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities 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 consult your conveyancing lawyer concerning this matter.
I am in need of some leasehold conveyancing in Chatham. Before I get started I require certainty as to the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Chatham - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a 2 bed flat in Chatham, conveyancing formalities finalised 6 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Chatham with an extended lease are worth £201,000. The ground rent is £45 levied per year. The lease ceases on 21st October 2090
With 64 years remaining on your lease the likely cost is going to span between £14,300 and £16,400 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.
Been looking for a property lawyer for freehold sale conveyancing in Chatham. I'm selling, uncomplicated no mortgage to redeem, no hurry, no onward purchase. Had an estimate from a conveyancing practitioner for £1000 plus VAT which is a tad expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Chatham?
As it’s a sale only, £500 + VAT should be about the best for a Chatham solicitor firm.