I have just been advised by my financial adviser that my Folkestone property lawyer is not on the mortgage company Solicitor panel. What can I do to check?
You need to contact your Folkestone conveyancer. You lawyer should notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Is it the case that all Folkestone solicitor practices on the Bank of Ireland conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be regulated by the SRA. Some banks do allow licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.
My wife and I are in the throws of viewing flats in Folkestone and I am about to put in an offer. Should I already have a solicitor appointed at this stage? I intend to finance via a mortgage with Barclays.
It would be prudent to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are taking out a mortgage with Barclays, make sure you remember to check that your lawyer is on the Barclays conveyancing panel.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Folkestone conveyancer on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Despite weeks of looking the Title Certificate and documents to our home are lost. The lawyers who conducted the conveyancing in Folkestone 5 years ago no longer exist. What are my options?
You no longer need to hold title original deeds to establish that you are the owner of your registered land or premises, as the Land Registry have everything they need in a digital format.
The estate agent has sent us the confirmation of our purchase of a new build flat in Folkestone. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Folkestone
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Planning to exchange soon on a basement flat in Folkestone. Conveyancing lawyers assured me that they will have a report out to me on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Folkestone should include some of the following:
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Whether your lease provides for a slush fund? You should know whether the lease allows you to change or upgrade anything in the flat- you should be made aware as to whether it applies to all alterations or just structural alteration, and whether permission is mandated necessary You should be told what counts as a Nuisance as far as the lease is concerned How long the lease is. You should receive guidance as what happens when the lease ends, and aware of the importance of the 80 year mark specifics of the parties to the lease, for example these could be the lessee, head lessor, freeholder
I am the registered owner of a garden flat in Folkestone, conveyancing was carried out 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Folkestone with a long lease are worth £190,000. The ground rent is £65 levied per year. The lease ends on 21st October 2086
With just 61 years left to run we estimate the price of your lease extension to be between £19,000 and £22,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
The conveyancing solicitors handling our conveyancing in Folkestone has forwarded documents to review that indicate that the property is unregistered with epitome documents. Is it not the case that all properties in Folkestone should be registered?
The majority of property in Folkestone is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Folkestone conveyancing lawyers should be capable of dealing with such matters but where uncertainty exists the standard guidance these days seems to be for the seller to register it first and subsequently deal with the dispose of the property to the purchaser - this no doubt result in a drawn-out conveyancing.