Is it possible for conveyancing in Folkestone to be completed in less than 10 days?
In a situation where the seller is applying a tight deadline to sign contracts it is advisable to make sure that your conveyancer is familiar with the area as they will have local connections and insight. It is even conceivable that they could have conducted previoushouses in the same street. You would be best advised to use a Folkestone conveyancing firm. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Folkestone conveyancing transactions are suspended or jeopardised after discovering a buyer’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the buying process being delayed by an average of three weeks. It is claimed that this issue affects approximately 100,000 home sales every year. Many Folkestone conveyancing practices can not act for certain banks so do check at the outset.
I am the registered owner of a freehold house in Folkestone but nevertheless charged rent, why is this and what is this?
It is rare for properties in Folkestone and has limited impact for conveyancing in Folkestone but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I had a mortgage agreed in principle with HSBC. Folkestone conveyancing solicitors are appointed. What is the average time that one could expect to receive a mortgage offer from HSBC?
Some lenders take longer than others. Have HSBC done the valuation? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Folkestone. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender UBS be concerned?
As your lender is UBS your lawyer must comply with the conveyancing requirements contained in Section 2 of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and property lawyers are required to report to UBS where a lease fails to satisfy these conditions. The requirements relate to the installation of panels on properties nationwide and is not limited to Folkestone.
I have decided to exercise my right to buy my property in Folkestone off the council. I have a mortgage offer with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
How does conveyancing in Folkestone differ for newly converted properties?
Most buyers of new build or newly converted property in Folkestone approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Folkestone tend to acquire 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 Folkestone or who has acted in the same development.
My partner has suggested that I use his conveyancing solicitors in Folkestone. Should I use them?
Much as we are happy to recommend a Folkestone conveyancing lawyer the best way to find a conveyancing practitioner is to have guidance from friends or family who have previously instructed the solicitor you're considering.
What is the best way to find the right lawyer for my conveyancing in Folkestone ?
First ask your friends and family who they used in the past and if they were happy with the service. Option 2 is to use a search tool on the internet for conveyancing in Folkestone. Call a couple or more firms from the list and ask them to email you their conveyancing estimate and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Third is to make use of this site to assist you in finding the right solicitors for you based on your unique factors including location,speed, complexity and who your intended lender is.Avoid the trap of appointing £99 conveyancing solicitors in Folkestone