Would the conveyancing lawyers that are recommend execute auction conveyancing in Isle of Sheppey?
There are a few niche solicitors we can put you in touch with those who can conduct auction conveyancing. Isle of Sheppey is just one of our locations in which our lawyers have offices.
We are looking to buy a property and require a conveyancing solicitor in Isle of Sheppey who is on the Virgin Money approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Isle of Sheppey.
I had intended to instruct a conveyancing solicitor in Isle of Sheppey for our house move. Our broker informed us that our bank Coventry Building Society won't deal with them. Why is this not regarded as unfair competition?
Lenders on the whole restrict either the type or the amount of conveyancing practices on their approved list of lawyers. A common example of such criteria being that a law practice must have two or more partners. In addition to restricting the type of firm, some have decided to limit the amount of firms they allow to represent them. Be aware that Coventry Building Society have no responsibility for the quality of advice provided by any member of Coventry Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels a few years ago even though there remains mixed opinions concerning the level of solicitor engagement in some of that fraud. Figures from the Land Registry indicate that hundreds of law firms, including some in or near Isle of Sheppey only conduct one or two conveyances per annum.
How can we know in advance if a Isle of Sheppey conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Isle of Sheppey obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your conveyancing.
We have agreed to purchase a house in Isle of Sheppey. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Leeds Building Society be concerned?
Given that you are obtaining a mortgage with Leeds Building Society your lawyer must check the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Leeds Building Society. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and lawyers are required to report to Leeds Building Society where a lease fails to satisfy these conditions. The provisions relate to the installation of panels on properties countrywide and is not restricted to Isle of Sheppey.
I recently had an offer accepted on a house in Isle of Sheppey. My financial adviser suggested a solicitor. I paid an upfront payment of £200. A couple of days later, the solicitor contacted me to say that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I decided to have a survey done on a house in Isle of Sheppey in advance of retaining solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Isle of Sheppey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Isle of Sheppey to see if the conveyancing costs will increase in light of this.
I am in need of some leasehold conveyancing in Isle of Sheppey. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Isle of Sheppey - then the leasehold title will always include the short particulars 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 inherited a studio flat in Isle of Sheppey, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Isle of Sheppey with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 per annum. The lease finishes on 21st October 2103
With just 79 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.