My husband and I are approaching an exchange on a flat in Maidstone and my mum and dad have transferred the ten percent deposit to my conveyancer. I am now informed that as the deposit has been received from someone other than me my lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The conveyancer is obliged to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My bank has recommended solicitors on their panel based in Maidstone but I would rather use a conveyancing lawyer in Maidstone or nearer to where I live. Can you assist?
Far from all Maidstone conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Please make use of the above search tool to identify a Maidstone conveyancing conveyancer on the on the mortgage company panel.
What can a local search inform me about the property I am purchasing in Maidstone?
Maidstone conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search is essential in every Maidstone conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
The deeds to our property can not be found. The solicitors who handled the conveyancing in Maidstone 4 years ago have long since closed. What are my options?
As long as you have a registered title the details of your ownership will be retained by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, find your house and secure current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
How does conveyancing in Maidstone differ for newly converted properties?
Most buyers of new build or newly converted property in Maidstone come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Maidstone tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Maidstone or who has acted in the same development.
How do I search for a Maidstone law firm on the HSBC Bank conveyancing panel? I drive a motor bike and am willing to travel upto 20miles to meet the conveyancer.
Feel free to make use of the search on this website. Please choose the bank and your location and you will see a number of Maidstone conveyancing lawyers located nearest you. We have detailed some Maidstone conveyancing firms at the bottom of this page and you can ring them to check whether they are on the HSBC Bank panel