My wife and I are approaching an exchange on a house in Faversham and my parents have sent the 10% deposit to my lawyer. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your lawyer is obliged to check with lender to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I am about to put an offer on a leasehold property in Faversham. The property agents assure me that it is normal for flats in Faversham to have less than 75 years remaining. I am obtaining a mortgage with Accord Mortgages. Is this going to be a problem if the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 28/2/2025 the requirements read as follows :
We are aiming to move property in May. Will my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you suggest a removal company in Faversham. Conveyancing solicitor was found before I stumbled across your site.
On the day of completion you will need to pick up the keys from the estate agent however this can only occur once the previous owners lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be released. After that you will need to tell the removal men that they can start moving you in. We are not in a position to suggest a particular removal company but can help you find a conveyancing in Faversham or a firm that specialises in conveyancing in Faversham.
I'm spending time looking at apartments in Faversham and I am now considering a potential offer. Is it sensible to have my conveyancing practitioner on ‘stand by’? I will be getting a mortgage with Co-operative.
It would be wise to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are taking out a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
After months of negotiation I have agreed a price on a house in Faversham. My financial adviser suggested a property lawyer. I paid an upfront payment of £150. Soon after, the conveyancer called me to say that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Faversham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Faversham are not the norm 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 bank 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 premises.
I am selling my home. My previous lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Faversham if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Faversham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I would like to let out my leasehold apartment in Faversham. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
A small minority of properties in Faversham do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I bought a split level flat in Faversham, conveyancing having been completed in 1996. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Faversham with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease finishes on 21st October 2099
You have 74 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues 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 before getting professional advice.