I am buying a house for cash in Edenbridge. I have resided for the previous 15 years in Edenbridge. Conveyancing searches are exorbitant. As I have knowledge of the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Edenbridge conveyancing searches are optional. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to do this. Do consider; if you are going to dispose of the house in the future, it could be of importance to your future purchaser what the searches contain. Sometimes houses with apparent issues can still show up unexpected search results. A good conveyancing solicitor in Edenbridge should provide you some practical advice in this regard.
My husband and I have arranged a further advance on our home loan from Clydesdale as we want to carry out renovations to our property in Edenbridge. Do we need to select a high street Edenbridge solicitor on the Clydesdale conveyancing panel to deal with the paperwork?
Clydesdale would not normally require a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale panel.
I currently have a mortgage with RBS for my property in Edenbridge. Conveyancing was finalised some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS?
Your original mortgage agreement with RBS will provide that you need their approval before letting out your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 RBS directly. It should not be necessary to do this via a RBS conveyancing panel solicitor.
Lloyds have agreed my home loan in principle, my bid on a house in Edenbridge has been agreed to, what happens next?
Your property agent will want to be informed of your property lawyer's details (make sure the property lawyers are on the lender’s panel). Contact Lloyds or the financial adviser and finalise any outstanding forms. Lloyds will appoint a valuer who will get in contact with the selling agent or vendor to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes about ten days to receive the mortgage offer. Lloyds will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Edenbridge.
The estate agent has sent us the confirmation of our purchase of a new build flat in Edenbridge. 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.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Edenbridge
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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. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a flat up to £235,500 and identified one close by in Edenbridge I like with amenity areas and railway links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Edenbridge for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I am a sole trader hoping to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Edenbridge for less than 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Edenbridge, including the sale and purchase of businesses as well as simply premises. If you are hoping to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right solicitor. Regarding the fees these will vary based on the structure and nuances of the deal. Let us have your contact information or phone so as to enable us to provide you with a fixed commercial conveyancing quote.
I need to appoint a conveyancing solicitor for residential conveyancing in Edenbridge. I have stumble upon a web site which appears to be the ideal answer If there is a chance to get all the legals completed via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?