I am need of leasehold conveyancing for an apartment in a relatively new development (seven years old) in Faversham. The vast majority the appartments have already been occupied. Is it strictly necessary to order neighbourhood searches as part of conveyancing in Faversham?
You are opening yourself up to an unnecessary risk in refusing to carrying out Faversham conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would absolutely advise in no uncertain terms that you have them. Where timings and price are top of your concerns you should consider with your solicitor about the option of search insurance
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Faversham. Do I collect the keys to the property on completion from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Faversham?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s lawyers, and once they have received this, you will be called to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I can not fathom if my mortgage offer requires a lease extension. I have telephoned my Faversham building society branch on a couple of occasions and was informed it wasn't an issue and they will lend. My Faversham conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer must follow the CML Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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.
I had an offer accepted on a house in Faversham on 8/4/2025, valuation was booked 2 days after, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
2 months have elapsed following my purchase conveyancing in Faversham concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build apartment in Faversham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Faversham
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There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared.
I opted to have a survey completed on a property in Faversham ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may refuse to issue a mortgage on this type of property.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Faversham. Conveyancing will be smoother if you use a solicitor in Faversham especially if they regularly deal with such properties in Faversham.
What tools are available to locate a Faversham law firm on the Nottingham Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 20miles to meet the conveyancer.
You can use the search on this page. Please pick a mortgage company and your location and you will see a number of Faversham conveyancing lawyers locally. We have detailed some Faversham conveyancing firms at the bottom of this page and you can telephone them to see if they are on the Nottingham Building Society panel