Have just purchased a probate house at auction in Meopham. Conveyancing is necessary. What happens now?
Given that you have now legally bound yourself to purchase you will need to choose a conveyancing lawyer quickly as you now have a pending a fixed date to complete the property. All auction property will have a corresponding legal set of papers. This will include most,if not all of the documents that your lawyer will need. In the case of leasehold premises the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You must pass this on to the conveyancer instructed by you as soon as possible. You also need to ensure that you have funds organised to complete on the on the contractual date .
I am purchasing a property in Meopham. An unusual aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Bank of Ireland your lawyer must follow the conveyancing requirements contained in Section two of UK Finance Lenders’ Handbook for Bank of Ireland. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Bank of Ireland where a lease fails to satisfy these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Meopham.
We were going to get a OIP from Nationwide this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nationwide recommend any Meopham solicitors on the Nationwide conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Meopham solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
I require expedited conveyancing in Meopham as I am under a deadline to exchange contracts within one month. Luckily I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to have searches conducted although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Meopham the following are instances of what can arise and therefore affect market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Meopham is the location of the property. Is there any guidance you can give?
Flying freeholds in Meopham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Meopham you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Meopham may decide 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 premises.
Are there any apps to assist me to locate a Meopham law firm on the Birmingham Midshires conveyancing panel? I am a keen cyclist and am prepared to travel upto 25miles to meet the solicitor.
You can use the search on this page. Please select a lender and your location and you will see a number of Meopham conveyancing lawyers located nearest you. We have listed some Meopham conveyancing firms towards the end of this page and you can call them to verify whether they are on the Birmingham Midshires approved list
My husband and I are novice buyers - had an offer accepted, yet the agent informed us that the seller will only proceed if we instruct their preferred conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer with experience of conveyancing in Meopham
We suspect that the seller is unaware of this demand. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Bypass the agents and go straight to the sellers and make sure they understand (a)you are serious purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you will continue to appoint your preferred Meopham conveyancing lawyers - not the ones that will provide their estate agent a introducer fee or achieve conveyancing thresholds demanded by corporate headquarters.
I am attracted to a couple of maisonettes in Meopham both have about 50 years unexpired on the leases. Should I regard a short lease as a deal breaker?
A lease is a right to use the premises for a period of time. As the lease gets shorter the marketability of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.
Leasehold Conveyancing in Meopham - Sample of Queries before buying
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How is the lease structured? What is the the remaining lease term? It would be wise to find out as much as possible concerning the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to day to day issues like the upkeep of the communal areas. Ask prospective neighbours what they think of them. Finally, investigate as to the dates that the maintenance fees are due to the relevant party and precisely how they are spending the funds.