My wife and I have lately bought a property in Folkestone. We have noticed several issues with the house which we believe were overlooked in the conveyancing searches. What action can we take? Can you clarify the nature of searches that should have been carried out as part of conveyancing in Folkestone?
The question is vague as to the nature of the problems and if they are relate to conveyancing in Folkestone. Conveyancing searches and investigations undertaken during the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, the vendor fills in a document referred to as a SPIF. If the information is inaccurate, then you may have a claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Folkestone.
In what way does my ID and proof of funds have anything to do with my conveyancing in Folkestone? Is this really warranted?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you are required to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you refuse to hand over identification documents, your solicitor would not be able to accept instructions from you.
What will a local search reveal about the property my wife and I buying in Folkestone?
Folkestone conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example Xpress Legal The local search is essential in every Folkestone conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The lawyers who dealt with the conveyancing in Folkestone 10 years ago no longer exist. Will I be able to sell the house?
You no longer need to hold title original deeds to evidence that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
I'm refinancing my current property to a BTL mortgage with The Royal Bank of Scotland and I will use the rest of the raised equity towards a second house. The location we are talking about is Folkestone. Will your solicitors be able to act for both sets of banks and link together the two deals?
Do use our search tool on this page to ensure that the solicitors are on the appropriate lender panels. Having checked that they are your conveyancer should be able to tie up the two transactions but you should have a chat with you conveyancer and specify your expectations and requirements.
I am in need of some leasehold conveyancing in Folkestone. Before diving in I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Folkestone - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a leasehold flat in Folkestone, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Folkestone with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ends on 21st October 2092
With 68 years unexpired the likely cost is going to be between £9,500 and £11,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.