Should conveyancers request money on account when it comes to conveyancing in Gravesend?
If you are buying a property in Gravesend your lawyer will ask you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the conveyancing searches. If any deposit is as part of the sale price then this should be needed shortly prior to contracts are exchanged. The final balance that is due will be payable shortly before completion.
We're in Gravesend, First timers purchasing with a mortgage (lender is Clydesdale , and our lawyer is on the Clydesdale conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Clydesdale conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am selling our property in Gravesend and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Gravesend conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a web based conveyancing outfit as opposed to a conveyancing solicitor in Gravesend. Having lived in Gravesend for many years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Gravesend is the location of the property. Can you offer any guidance?
Flying freeholds in Gravesend are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Gravesend you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gravesend may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I own a leasehold flat in Gravesend. Conveyancing and Yorkshire Building Society mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Gravesend who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is indeed the new freeholder. You do not need to instruct a Gravesend conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Gravesend Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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Make sure you discover if there are any onerous restrictions in the lease. By way of example it is reasonably common in Gravesend leases that pets are not allowed in in a block in Gravesend. If you love the propertyin Gravesend however your dog can’t move with you then you will be presented with a hard choice. If a Gravesend lease has no more than eighty years it will impact the salability of the apartment. Check with your mortgage company that they are willing to lend given the lease term. A short lease means that you will probably require a lease extension at some point and it is worth finding out how much this will be. Remember, in most cases you will need to own the residence for two years before you are entitled to carry out a lease extension.
We are in the throes of a leasehold sale of a flat in Gravesend. Conveyancing solicitors are doing their job but we are being charged a fortune from the freeholder. To date we have paid £268 for a leasehold management pack and then a further £118 for supplemental queries supplied by the buyers solicitor.
Your conveyancer will not have any sway over the level of the charges for this information but the typical costs for the information for Gravesend leasehold premises is £360. For Gravesend conveyancing deals it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to address such questions although many will be content to do so - albeit often at high prices out of proportion to the work involved. Unfortunately there is no legislation that mandates set charges for administrative tasks. Nor is there any set time limit by which they are obliged to provide the information.