I am in a contract race with another buyer for a property in Sevenoaks. What can I do to quicken up the buying process?
In a situation where you are under time constraints for your conveyancing we would recommend that your solicitor is familiar with the location as they will make use of local relationships and insight. It is possible that they may have conducted previoushouses in the same neighbourhood. You would be best advised to use a Sevenoaks conveyancing firm. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is said that 18% of Sevenoaks conveyancing deals are suspended or jeopardised after finding out that a purchaser’s solicitor was not on their mortgage lender’s member panel. This can often result in the legal process being held up by almost 21 days. It is understood that this issue impacts in the region of 100,000 home moves annually. Almost all Sevenoaks conveyancing practices can not represent certain banks so do check as early as possible.
I require quick conveyancing in Sevenoaks as I am faced with pressure to sign on the dotted line inside 4 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at liberty not to do searches although no solicitor would recommend that you don't. Drawing on years of experience of conveyancing in Sevenoaks the following are examples of what can arise and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
I got the keys to my house on 3 February and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Sevenoaks advises it should be formalised in a couple of weeks. Are transfers in Sevenoaks uniquely lengthy to register?
There is nothing unique about conveyancing in Sevenoaks registration formalities. As opposed to being determined by geographic area, timescales can differ subject to the party submitting the application, whether it is in order and if the Land registry have to notify any 3rd parties. As of today in the region of 80% of such applications are fully addressed within 12 days but occasionally there can be longer delays. Historically registration is effected after the purchaser is living at the premises thus 'speed' is not usually top priority yet where it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
Should I choose a Sevenoaks conveyancing lawyer based in the area that I am hoping to buy? We have a good friend who can handle the conveyancing however her office is over three hundred kilometers drive away.
The primary upside of using a local Sevenoaks conveyancing practice is that you can drop in to execute paperwork, hand in your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a bonus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that should trump using an unfamiliar Sevenoaks conveyancing solicitor solely due to them being local.
Estate agents have just been given the go-ahead to market my 2 bed apartment in Sevenoaks. Conveyancing solicitors are to be appointed soon, but I have recently had a yearly maintenance charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is clear the maintenance contribution as you normally would because all rents and service invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a 1 bedroom flat in Sevenoaks, conveyancing was carried out 10 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? Equivalent properties in Sevenoaks with an extended lease are worth £216,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2095
With 69 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
To what extent are Sevenoaks conveyancing solicitors duty bound by the Law Society to supply transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Sevenoaks or beyond.