I plan on purchasing an apartment in Sittingbourne. My property lawyer is not listed on the lender conveyancing list. Am I still permitted to retain my Sittingbourne conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?
One must instruct a conveyancing practitioner to complete the legal work required if you require a mortgage to buy your property. They will carry out all the appropriate investigations on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in order. You may instruct a Sittingbourne conveyancer of your choosing. Nevertheless, where the lawyer appointed is not a member of the bank solicitor panel additional charges will arise as separate legal representation will be need by the mortgage company. Bank panel applications can be submitted, so provided your conveyancer has not previously applied for membership they should take the chance to apply.
My son-in-law is buying a house that has just been built in Sittingbourne with a mortgage from Bank of Ireland. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
The Sittingbourne conveyancing solicitors that I recently instructed on my house acquisition in Sittingbourne have without warning closed. I only went with them because I needed a firm on the RBS conveyancing panel and my previous Sittingbourne lawyer was not. I paid them money in advance. What are my options?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
Just acquired a semi-detached house in Sittingbourne , What is the estimated time for the Land Registry to record my proprietorship? My Sittingbourne conveyancing solicitor has been very slow, so I want to be certain that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Sittingbourne registration formalities. Rather than based on location, timeframes can differ subject to who lodges the application, whether there are errors and if the Land registry communicate with any interested persons or bodies. As of today approximately three quarters of submission are fully dealt with within two weeks but occasionally there can be longer hold-ups. Historically registration is effected after the new owner has moved in to the property thus an expedited registration is not typically an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Sittingbourne I like with a park and transport links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Sittingbourne in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan that many years will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Are there any apps to help locate a Sittingbourne solicitor on the HSBC Bank conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the conveyancer.
You can use the search on this page. Please choose the lender and your location and you will see a number of Sittingbourne conveyancing lawyers locally. We have listed some Sittingbourne conveyancing firms towards the end of this page and you can call them to verify if they are on the HSBC Bank member panel