I hired a local firm for my conveyancing in Maidstone yesterday. Reviewing the small print I seewe are on the hook for fees even where the transaction does not complete. Should I go with them or choose a web based conveyancing brokerage offering no move no charge conveyancing in Maidstone?
It is usually a trade off in that if "No Completion No Fee" is available then the fee levels will tend to be be higher to cover the cases that abort. Do bear in mind that such deals tend not to cover disbursements for example Maidstone conveyancing search fees.
Do I have to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Maidstone so that I can attend their offices when needed.
Nowadays approved lawyers for mortgage companies conduct their communications through Royal Mail, internet or over the phone. This enables them to carry out the conveyancing transaction no matter where you live in the country. That being said you should see if you have the option of visiting the offices of your conveyancing lawyer if you prefer.
My wife and I are buying a property in Maidstone. It might be a silly question but how we can trust a lawyer? At some point we have to put our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have today made my last payment due on my mortgage with Lloyds. I assume I don't need a Maidstone solicitor on the Lloyds panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Lloyds 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 Lloyds mortgage from the register. Lloyds, 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 Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
The formalities of my remortgage has taken place for my property in Maidstone. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
It has been three months since my purchase conveyancing in Maidstone took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Maidstone I like with open areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Maidstone in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
How straightforward is it to use the search facility to find a conveyancing solicitor in Maidstone on the panel for my mortgage?
1st choose a bank such as National Westminster Bank, Coventry Building Society or Barclays Direct then specify your location for example Maidstone. Conveyancing firms in Maidstone and beyond should be listed.