I require conveyancing for a flat in a fairly new development (seven years built) in Sheerness. Almost all the appartments are already occupied. Is it really necessary to order conveyancing searches as part of conveyancing in Sheerness?
You are taking a significant risk in not carrying out Sheerness conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would seriously advise in the strongest possible terms that you have them. If time pressures and driving down costs are primary concerns you should discuss with your conveyancer about the options such as contingency insurance available to you
I am the registered owner of a freehold house in Sheerness but nevertheless charged rent, why is this and what is this?
It is rare for properties in Sheerness and has limited impact for conveyancing in Sheerness 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I am being told by my solicitor that lack of planning permission insurance is needed on my purchase. What is the level of cover for Sheerness conveyancing?
The right level of lack of planning permission indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.
Are all Sheerness Conveyancing Quality Solicitors on the Lloyds conveyancing panel?
A selection of banks and building societies now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
When it comes to mortgage companies such as Bank of Ireland, do Sheerness conveyancing practitioners incur an annual charge to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
I have recentlybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Sheerness for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Sheerness conveyancing specialists.
Just had an offer accepted on a new build flat in Sheerness. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Sheerness
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Hoping to buy a property located in Sheerness and I am already nervous. I couldn't find anything specific about Sheerness. Conveyancing will be needed in due course but do you know about the Sheerness area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Sheerness. In the meantime here are some basic statistics that we found