I plan on acquiring an apartment in Rochester. My lawyer is not listed on the lender approved panel. Can I still appoint my Rochester conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel?
You must have a conveyancer to complete the legal work required when you require a mortgage to purchase your home. The conveyancing practitioner will conduct all the appropriate investigations on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage paperwork is dealt with. One could select a Rochester lawyer of your choosing. Nevertheless, where the property lawyer selected is not on the bank approved list additional fees will be incurred as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so where your lawyer has not in the past sought membership they should take the chance to apply.
We are planning to acquire a house and require a conveyancing solicitor in Rochester who is on the Leeds Building Society conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Rochester.
What can a local search tell me regarding the house I am buying in Rochester?
Rochester conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search is essential in every Rochester conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Me and my brother own a terraced Georgian house in Rochester. Conveyancing solicitor acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rochester and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing lawyer who conducted the conveyancing.
I'm buying my first flat in Rochester with the aid of help to buy. The builders would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my lawyer about this deal as it will impact my mortgage with Barclays Direct. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've found a house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since found out that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Rochester. Conveyancing advisers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Rochester ?
Most houses in Rochester are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Rochester so you should seriously consider shopping around for a Rochester conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’sconsent to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is located on an estate. Your conveyancer should report to you on the legal implications.
I bought a 2 bed flat in Rochester, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Rochester with a long lease are worth £171,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2104
With just 79 years remaining on your lease we estimate the premium for your lease extension to range between £7,600 and £8,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.