As someone not used to conveyancing in Paddock Wood what’s the number one tip you can impart concerning the ownership transfer in Paddock Wood
Not many law firms or advisers will tell you this but conveyancing in Paddock Wood or throughout Kent is often a confrontational experience. Put another way, when it comes to conveyancing there exists plenty of opportunity for friction between you and others involved in the transaction. For instance, the seller, property agent and even potentially the lender. Choosing a law firm for your conveyancing in Paddock Wood is a critical decision as your conveyancer is your adviser, and is the ONE person in the process whose responsibility is to act in your legal interests and to keep you safe.
Sometimes a third party with a vested interest may try and convince you that you should follow their advice. For instance, the estate agent may claim to be assisting by claiming that your lawyer is wrong. Or your mortgage broker may try to convince you to do take action that is against your conveyancers recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
I have todayfound out that Wolstenholmes have closed. They carried out my conveyancing in Paddock Wood for a purchase of a leasehold flat 12 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Paddock Wood conveyancing specialists.
I have been advised by three or four local property agents in Paddock Wood to get a quote from a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to recommend your site over and above alternative conveyancing organisations?
We don’t give any financial incentive for directing people our way. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My husband and I are first time buyers - had an offer accepted, yet the agent advised that the seller will only proceed if we instruct their recommended conveyancers as they are insisting on an ‘expedited deal’. We would rather use a high street solicitor who is familiar with conveyancing in Paddock Wood
It is unlikely the vendors are driving this. If they want ‘a quick sale', taking such a hostile approach to a motivated buyer is not the way to achieve this. Bypass the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your own,trusted Paddock Wood conveyancing solicitors - not the ones that will give their negotiator at the agency a kickback or meet his conveyancing thresholds pre-set by corporate headquarters.
Completion is due on the disposal of our £250,000 flat in Paddock Wood in just under a week. The managing agents has quoted £300 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Paddock Wood?
Paddock Wood conveyancing on leasehold maisonettes more often than not requires the buyer’s solicitor submitting questions for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries most will be content to assist. They are entitled to charge a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The management information fee required by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, otherwise the invoice is not strictly payable. Reality however dictates that you have no option but to pay whatever is demanded if you want to exchange contracts with the buyer.
Paddock Wood Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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How much is the yearly service fee and ground rent? Is anyone aware of any major works anticipated that will likely increase the maintenance costs? Is the freehold reversion owned collectively by the leaseholders?
When it comes to my conveyancing in Paddock Wood should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Paddock Wood conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.