Can you explain why leasehold purchase conveyancing in Romney costs more?
Romney leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
We're in Romney, First time buyers purchasing with a mortgage (lender is Co-operative , and our lawyer is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am buying a terrace house in Romney. The intention is to carry out an extension to the side at the property.Will legal conveyancing on the property include checks to see if these works are permitted?
Your conveyancer should check the deeds as conveyancing in Romney can sometimes reveal restrictions in the title deeds which restrict categories of alterations or need the permission of a 3rd party. Some additions require local authority planning permissions and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I have a mortgage with Kent Reliance for my property in Romney. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel lawyer.
At last I have had an offer on a flat in Romney accepted, but there is a chain. The owners have put an offer on a flat, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have instructed a local conveyancing solicitor in Romney. What should be my next step? When do I get the mortgage application with Nationwide started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then valuation, Romney conveyancing search fees, etc). The first course of action is to ensure that your lawyer is on the Nationwide conveyancing panel. As to the subsequent steps this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. In a rising market many purchasers will apply for the mortgage with Nationwide and pay for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to move forward with searches.
I need some quick conveyancing in Romney as I am under pressure to exchange contracts in less than one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you are at liberty not to do searches although no lawyer would suggest that you don't. With plenty of history conveyancing in Romney the following are examples of issues that can crop up and therefore affect the marketability of the property: Enforcement Notices, Overdue Charges, Overdue Grants, Railway Schemes,...
I need to instruct a conveyancing lawyer in Romney for my home move. Is it possible to see a solicitor's complaints history with the profession’s regulator?
Anyone may find published Solicitor Regulator Association (SRA) decisions arising from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may monitor call for training reasons.
Do I stop my mortgage payments with Kent Reliance as soon as a completion date for my sale in Romney has been set?
You are best advised to maintain paying any mortgage payments to Kent Reliance until the mortgage is discharged from the proceeds of sale as part of your Romney conveyancing.