I have given 2 months notice to my current landlord and have to vacate my let out property in Northfleet by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in a couple of weeks as don't want to have to find temporary accommodation?
It is unwise to serve notice on a rental unless you have exchanged. If you have not previously done so, update to your conveyancer and request that they apply pressure on the owners solicitors, try to get a realistic time scale from them that everyone will work to achieve
Do the Building Society Association intend to launch a searchable register to to identify solicitors on the Coventry BS conveyancing panel for example in Northfleet?
We would not expect to be advised of any intention on the part of the BSA to develop such a tool.
The deeds to our home are lost. The solicitors who did the conveyancing in Northfleet 5 years ago no longer exist. What do I do?
You no longer need to have the physical official documentation to prove you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
I am looking for a ground for flat up to £305k and identified one round the corner in Northfleet I like with a park and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Northfleet for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Is it best to choose a Northfleet conveyancing solicitor based in the location that I am buying? We have a good friend who can conduct the legal formalities but his firm is located 400miles away.
The benefit of a local Northfleet conveyancing practice is that you can pop in to sign paperwork, deliver your ID and pester them where appropriate. Having local Northfleet know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were impressed that should surpass using an unknown Northfleet conveyancing lawyer just because they are based in the area.
My husband and I are purchasing a studio flat in Northfleet. When we first instructed solicitor, they told us that they were on all mainstream bank panels. The mortgage broker emailed yesterday to advise that they don't appear to be on the Virgin Money approved list. Should that be true, what should we do? Do we just find a different lawyer that is on their panel or should we pay for dual representation, with Virgin Money selecting their own approved conveyancer.
If you are purchasing a property needing a mortgage it is normal for the purchaser’s lawyers to also represent the purchaser's lender. In order to act for a bank or building society a property lawyer has to be on that lender's conveyancing panel. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancing practitioner has to fulfill. Some mortgage companies now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should contact Virgin Money to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Virgin Money's conveyancing panel as you are at liberty to use your preferred Northfleet lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another conveyancing practitioner into the equation.