Having been suggested to visit your service we were going to appoint conveyancing solicitor in Sevenoaks endorsed on your site but have come across some other fee calculations on the internet appear less pricey – how come?
There are many firms of conveyancers advertising what appear to be cut price. We would urge you to think long and hard as to how important this transaction is to you that you are willing to be penny wise pound foolish concerning the standard of the legal work. Many of them highlight a bargain fee to catch your eye but hide extra fees in the fine print..
I am the registered owner of a freehold property in Sevenoaks but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Sevenoaks and has limited impact for conveyancing in Sevenoaks but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Is it the case that all Sevenoaks solicitor firms on the HSBC conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be regulated by the SRA. Many banks do list licenced conveyancers on their panel and in such a situation the firms would be governed by the Council of Licensed Conveyancers.
I had a mortgage agreed in principle with Skipton. Sevenoaks conveyancing lawyers have been selected. How long does it take for Skipton to issue the offer to the solicitor?
Some lenders take longer than others. Have Skipton conducted the valuation? Have you informed Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I was told two weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Sevenoaks is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Sevenoaks differ for newly converted properties?
Most buyers of new build or newly converted property in Sevenoaks come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because developers in Sevenoaks usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sevenoaks or who has acted in the same development.
I am looking into buying my first house which is in Sevenoaks and I am already nervous. I couldn't find anything specific about Sevenoaks. Conveyancing will be needed in due course but do you know about the Sevenoaks area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Sevenoaks. In the meantime here are some basic statistics that we found
How up-to-date is your database of lawyers on the mortgage company conveyancing panel in Sevenoaks? Do the banks send you an updated list?
Sevenoaks firms and firms conducting conveyancing in Sevenoaks themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.