Is the fact that my conveyancer in Margate is not on my bank's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
That is more than likely an incorrect assumption to make. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Margate conveyancing firm and ask them why they are no longer on the approved list for your bank.
Finally the sale completed on my house in Margate last October but my buyer keeps calling me complaining that his conveyancer needs to hear from mine. What should my lawyer have done following completion?
Following your disposal your lawyer should deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your conveyancer should also evidence that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There is unlikely to be post completion steps specific conveyancing in Margate.
Hoping to buy a property located in Margate and I am already nervous. I couldn't find anything specific about Margate. Conveyancing will be needed in due course but do you know about the Margate area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Margate. In the meantime here are some basic statistics that we found
I am thinking of appointing a conveyancing practitioner in Margate for my home move. Is it possible to see a firm’s record with the legal regulator?
You can search for presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions commenced on or after Jan 2008. Visit Check a solicitor's record. For records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator could monitor telephone calls for training reasons.
Can you provide any advice for leasehold conveyancing in Margate from the point of view of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Margate can be bypassed where you instruct lawyers the minute your agents start marketing the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ lawyers. If there is a history of conflict with your freeholder or managing agents it is very important that these are settled before the property is marketed. The buyers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic rather than unsettled. If you hold a share in a the freehold, you should ensure that you have the original share document. Organising a duplicate share certificate is often a lengthy formality and frustrates many a Margate conveyancing transaction. If a new share is required, you should approach the company officers or managing agents (where relevant) for this sooner rather than later. In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Margate state that internal structural changes or laying down wooden flooring calls for a licence from the Landlord approving such alterations. Should you dont have the consents in place do not contact the landlord without checking with your conveyancer in the first instance.
Leasehold Conveyancing in Margate - A selection of Questions you should ask before buying
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The answer will be important as a) areas could cause problems in the block as the common areas may begin to deteriorate where maintenance are not paid for b) if the leasehold owners have a dispute with the running of the building you will need to have all the details The best form of lease structure is where the freehold title is in the ownership of the leaseholders. In this scenario the leaseholders enjoy control and even though a managing agent is often employed where the building is larger than a house conversion, the managing agent is directed by the tenants. You should want to find out as much as you can regarding the managing agents as they can either make life much simpler or problematic. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to practical issues such as the cleanliness of the common parts. Enquire of other people what they think of them. On a final note, be sure you know the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes.
Why am I unable to complete my conveyancing in Margate on May bank holiday?
This is due to the fact that on completion the money will be transferred electronically between the banks of the purchaser and seller's lawyer and currently this can only take place on a working day. It is not possible to complete on a saturday or sunday either.