I am looking to buy a house and need a conveyancing solicitor in Faversham who is on the Barclays solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays in certain locations such as Faversham. We dont recommend any particular firm.
I'm buying a new build house in Faversham with a mortgage from Chelsea Building Society. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not inform my lawyer about this deal as it would impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Faversham is the location of the property. Can you offer any opinion?
Flying freeholds in Faversham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Faversham you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Faversham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are first time buyers - agreed a price, but the estate agent informed us that the vendor will only move forward if we use the agent's chosen conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer accustomed to conveyancing in Faversham
It is improbable the vendors are behind this. Should the vendor desire ‘a quick sale', turning down a serious buyer is counter productive. Speak to the owners direct and make the point that (a)you are motivated buyers (b)you are ready to go, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you are going to use your own,trusted Faversham conveyancing firm - as opposed tothe ones that will provide the negotiator at the agency a commission or meet his conveyancing thresholds demanded by senior management.
Harry (my fiance) and I may need to sub-let our Faversham ground floor flat for a while due to a career opportunity. We instructed a Faversham conveyancing practice in 2002 but they have since shut and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?
Notwithstanding that your previous Faversham conveyancing lawyer is not available you can check your lease to check if it allows you to sublet the property. The rule is that if the lease is silent, subletting is allowed. There may be a precondition that you need to obtain permission via your landlord or some other party in advance of subletting. This means that you cannot sublet without first obtaining consent. The consent should not be unreasonably withheld. If the lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.
I am the registered owner of a studio flat in Faversham, conveyancing having been completed in 1996. Can you work out an approximate cost of a lease extension? Equivalent properties in Faversham with a long lease are worth £260,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2099
With only 74 years left to run we estimate the price of your lease extension to range between £8,600 and £9,800 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
My partner and I intend to purchase our first property in Faversham. Conveyancing practitioner has been selected. The financial consultant suggested that a survey is not appropriate as the property was only built in 2002.
You would be well advised to have a Home Buyer's Report. As the premises was constructed more than a decade ago the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could suffice. The report should highlight any obvious problems and suggest further investigation if appropriate. If there are any signs of problems get a comprehensive structural survey.