I can't travel far from Gravesend. Can you please spell out why all Gravesend solicitors are not on all bank panels?
Pre- 2008 most lenders exhibited an attitude to risk which differs from the current day. The Financial Services Authority in 2010 instigated a thematic review into mortgage fraud which in summary warned lenders: know the conveyancers on your panel. Accordingly, banks have subsequently requiredmore information from law firms concerning their processes and the staff who work for them and set certain criteria such as completing a minimum amount of transactions. Hundreds of law practices have found themselves removed from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms found it impossible satisfy the criteria of amount of transactions the mortgage companies insisted on.
We hope to to purchase with Earl Shilton BS. We have called around locally yet am struggling to find a Gravesend conveyancing firm on the Earl Shilton BS panel. Can you assist?
You should make the most of the find a conveyancing panel solicitor tool on this page. Please choose the building society and type Gravesend or your preferred area and you will discover numerous solicitors based in Gravesend or near you.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Gravesend is the location of the property. Can you shed any light on this issue?
Flying freeholds in Gravesend are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gravesend you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gravesend may ascertain 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.
As co-executor for the estate of my grandmother I am disposing of a residence in Swansea but reside in Gravesend. My conveyancer (approximately 260 kilometers from mehas requested that I sign a stat dec ahead of completion. Could you suggest a conveyancing practitioner in Gravesend to witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Gravesend based
I today plan to offer on a house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Gravesend. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Gravesend ?
Most houses in Gravesend are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Gravesend in which case you should be shopping around for a Gravesend conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’spermission to carry out changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your conveyancer will appraise you on the various issues.
I am the registered owner of a leasehold flat in Gravesend, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Gravesend with an extended lease are worth £206,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2091
With 66 years unexpired the likely cost is going to be between £12,400 and £14,200 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
Two months into buying a house in Gravesend. Conveyancing lawyer has told us the property is "Leasehold". Should this impact the salability of the house?
Gravesend conveyancing does not normally involve leasehold houses. The main consideration here is the remaining lease term and the ground rent. If there are over a hundred years remaining with a nominal rent, it's virtually freehold, so it’s unlikely to impact the saleability too much.
On the flip side, if it's, say, fifty five years it will have a adverse effect on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease provided to your property lawyer.