I am purchasing property in Rochester. My lawyer is not listed on the mortgage company approved list. Can I still use my Rochester conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You will need to instruct a lawyer to complete the formalities if you require a loan to buy your home. The solicitor will carry out all the relevant legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is dealt with. You may select a Rochester property lawyer of your choice. Nevertheless, if the conveyancing practitioner selected is not on the bank conveyancing panel additional charges will arise as separate legal representation will be required by them. Lender panel applications can be submitted, so provided your lawyer has not previously applied for membership they should do so.
I am purchasing a new build flat in Rochester. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Rochester you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Rochester.
The estate agent has sent us the confirmation of our purchase of a new build flat in Rochester. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Rochester
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
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 quick, chain free conveyancing. Rochester is where the house is located. Can you offer any guidance?
Flying freeholds in Rochester are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rochester you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rochester may ascertain 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 residence.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £350,000 flat in Rochester in 8 days. The managing agents has quoted £360 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Rochester?
For most leasehold sales in Rochester conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering conveyancing due diligence questions
Where consent is required before sale in Rochester
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I purchased a basement flat in Rochester, conveyancing formalities finalised October 2008. How much will my lease extension cost? Corresponding properties in Rochester with a long lease are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease comes to an end on 21st October 2100
With only 74 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Would local authority permission be necessary to split a single dwelling into multiple appartments in Rochester? This has been done to a house opposite to a friend in Rochester and was not aware of the conversion until after the works were finished.
Planning Consent yes. Building Regulations yes.