Why do I have to pay up front for my conveyancing in Faversham?
Where you are retaining lawyers for conveyancing in Faversham your solicitor will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the deposit is payable against the sale price then this will be asked for immediately ahead of contracts are exchanged. Any further balance that is needed should be sent to your lawyer shortly before completion.
My fiance and I are purchasing a 2 bedroom apartment in Faversham with a mortgage from Platform Home Loans Ltd.We have a Faversham conveyancing practitioner but Platform Home Loans Ltd informed us he's not listed on their approved list of firms. we are left little option but to use a Platform Home Loans Ltd panel lawyer or keep our local solicitor and pay for a Platform Home Loans Ltd panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Platform Home Loans Ltd use our lawyer?
No, not really. The mortgage issued to you is subject to its various provisions, one of which will be that conveyancers must be on the Platform Home Loans Ltd solicitor panel. Until recently, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Platform Home Loans Ltd
Will my conveyancer be asking questions regarding flooding during the conveyancing in Faversham.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Faversham. There are those who acquire a property in Faversham, completely expectant that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, however there are a number of searches that can be undertaken by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Faversham. The conventional set of property information forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the vendor to find out whether the premises has suffered from flooding. In the event that the residence has been flooded in past and is not revealed by the seller, then a purchaser may commence a legal claim for losses stemming from an incorrect answer. A buyer’s solicitors will also commission an enviro search. This should higlight whether there is any known flood risk. If so, more detailed inquiries should be made.
five months have gone by following my purchase conveyancing in Faversham completed. I have checked the Land Registry site 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 property 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.
I am looking for a ground for flat up to £305k and identified one round the corner in Faversham I like with open areas and station in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Faversham in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the shortness of the lease may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I am looking to sell my home. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Faversham if that affects matters.
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 regulated solicitors to ensure that the legalities of their house move runs smoothly.