Would the conveyancing solicitors listed on your site perform attended exchange conveyancing in Folkestone?
There are a few conveyancing experts who can conduct one day exchanges. Do call us to get a conveyancing quote and details as to dates.
It is a dozen years since I bought my house in Folkestone. Conveyancing solicitors have just been retained on the sale but I am unable to find my title deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be with the mortgage company or they may be in the possession of the conveyancers who acted in your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Folkestone relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is resolvable.
I am considering applying for a Yorkshire BS mortgage for purchase of a new build (under development) in Folkestone with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Yorkshire BS ?
There is nothing to stop you using your solicitor, but Yorkshire BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Will my solicitor be raising enquiries regarding flooding as part of the conveyancing in Folkestone.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Folkestone. Plenty of people will acquire a house in Folkestone, 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 insurance cover, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to offer advice on flood risk, but there are a numerous searches that may be carried out by the purchaser or on a buyer’s behalf which should figure out the risks in Folkestone. The conventional set of completed inquiry forms sent to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the owner to find out if the property has suffered from flooding. If flooding has previously occurred and is not disclosed by the seller, then a purchaser could issue a claim for damages resulting from an incorrect reply. The buyer’s solicitors may also commission an environmental search. This will indicate if there is a recorded flood risk. If so, additional investigations should be carried out.
I am buying a new build flat in Folkestone. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Folkestone
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I am looking for a leasehold apartment up to £305k and found one near me in Folkestone I like with open areas and station in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Folkestone in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.