It has come to my attention via my estate agent that my Faversham solicitor is not on the mortgage company Solicitor panel. How can I check?
The first thing you need to do is to call your Faversham lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
I have given 8 weeks notice to my current landlord and must be out of my rented apartment in Faversham by 29/5/2025. Conveyancing for my house purchase is underway. Is it possible to complete in three weeks as I wish to avoid having to move into short term accommodation?
It is unwise to give notice on a rental until you have exchanged. If you have not previously done so, speak to your conveyancer and request that they seek the assistance the other lawyers, try to get a realistic time scale from them that everyone will work to achieve
About to purchase flat in Faversham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Faversham conveyancer is on the UBS conveyancing panel.
Having read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Faversham solicitor - who is on the Virgin Money conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Faversham postcode. As you are getting a mortgage with Virgin Money, you could contact them to see if they have a list of approved surveyors in Faversham.
Our sealed bid on a semi in Faversham has been agreed to, the vendors do however have an associated purchase. The owners have offered on a flat, but it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have selected a local conveyancing solicitor in Faversham. What should be my next step? At what stage do I apply for the mortgage with Nationwide?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then survey, Faversham conveyancing search fees, etc). The first course of action is to ensure that your conveyancer is on the Nationwide approved list. Concerning the next phase this very much depends on the circumstances of your case, motivation for this property and on the state of the market. In a hot market the majority of buyers would apply for the mortgage with Nationwide and pay for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with the conveyancing in Faversham.
Should our conveyancer be making enquiries regarding flooding as part of the conveyancing in Faversham.
Flooding is a growing risk for solicitors carrying out conveyancing in Faversham. Plenty of people will buy a house in Faversham, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, however there are a various checks that may be initiated by the buyer or by their lawyers which will give them a better appreciation of the risks in Faversham. The standard information sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to find out if the premises has ever been flooded. If the property has been flooded in past and is not disclosed by the vendor, then a purchaser may commence a claim for damages as a result of such an misleading response. The purchaser’s solicitors will also order an enviro search. This should higlight whether there is a recorded flood risk. If so, further investigations will need to be conducted.
How does conveyancing in Faversham differ for newly converted properties?
Most buyers of new build residence in Faversham come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Faversham typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Faversham or who has acted in the same development.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Faversham?
At this site receive a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Faversham. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your property ownership legalities in Faversham