I am thinking of refinancing my property in Fillongley, does my lawyer have to be on the Kent Reliance Conveyancing panel?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Will commercial conveyancing searches reveal proposed roadworks that could impact a commercial site in Fillongley?
Its becoming the norm that commercial conveyancing solicitors in Fillongley will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Fillongley. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Fillongley.
For each commercial conveyancing transaction in Fillongley it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Fillongley commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Fillongley.
I'm purchasing my first flat in Fillongley with the aid of help to buy. The builders refused to reduce the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not reveal to my conveyancer about this deal as it will put at risk my loan with Yorkshire Building Society. Should I keep quiet?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Fillongley in advance of instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some mortgage companies may refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Fillongley. Conveyancing will be smoother if you use a solicitor in Fillongley especially if they are familiar with such properties in Fillongley.
I am looking for a conveyancing solicitor in Fillongley for my house move. Is there any facility to check a firm’s record with the profession’s regulator?
One can review documented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training requirements.
I today plan to offer on a house that appears to meet my requirements, at a great price which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Fillongley. Conveyancing advisers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Fillongley ?
The majority of houses in Fillongley are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Fillongley so you should seriously consider shopping around for a Fillongley conveyancing practitioner and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’spermission to conduct changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your conveyancer will advise you fully on all the issues.
I purchased a 1st floor flat in Fillongley, conveyancing was carried out June 2011. Can you work out an approximate cost of a lease extension? Comparable flats in Fillongley with a long lease are worth £202,000. The ground rent is £55 invoiced every year. The lease finishes on 21st October 2081
With 56 years remaining on your lease we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as 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 detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.