My previous solicitor has quoted £995 for freehold conveyancing in Sittingbourne. I’m looking to sell a newly refurbished property for £250,000. This sounds too much. Is it above the average fee for conveyancing in Sittingbourne?
The estimate does seem marginally overpriced. If you shop around you might shave off some of the expense by say a hundred pounds. On the other hand, you mightcome to rue choosing an a cheaper conveyancer. Remember to enquire the firm can represent your lender. Do utilise our comparison tool to choose a Sittingbourne conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Sittingbourne.
At what point will exchange of contracts occur in sale conveyancing in Sittingbourne and do I need to attend the lawyers branch?
Where you are near to our conveyancing solicitors in Sittingbourne you are welcome to attend to sign contracts. That being said, the lender approved solicitors we work with provide a nationwide conveyancing service and provide as equally comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Sittingbourne)to be in the office at the appropriate time.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one close by in Sittingbourne I like with open areas and station nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Sittingbourne suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Am I best advised to use a Sittingbourne conveyancing lawyer in close proximity to the house I am buying? I have an old university friend who can execute the legal formalities however his firm is located over three hundred miles drive away.
The benefit of a high street Sittingbourne conveyancing practice is that you can pop in to sign paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Sittingbourne know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were impressed that must surpass using an unfamiliar Sittingbourne conveyancing solicitor solely due to them being Sittingbourne based.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Sittingbourne. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Sittingbourne ?
The majority of houses in Sittingbourne are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Sittingbourne so you should seriously consider looking for a Sittingbourne conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer will appraise you on the various issues.
Sittingbourne Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
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The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees benefit from being in charge if their destiny and even though a managing agent is often retained if the building is larger than a house conversion, the managing agent retained by the leaseholders. This question is helpful as a) areas may cause problems for the building as the communal areas may start to deteriorate where services are not paid for b) if the leaseholders have an issue with the managing agents you will need to have all the details How many years remain on the lease?
My husband and I are purchasing a first floor flat in Sittingbourne. When we first instructed conveyancing practitioner, we were told they were on all major UK bank panels. Our mortgage broker contacted us today to say that they don't seem to be on the Santander approved list. If it turns out to be true, what should we do? Should we simply pick a new conveyancing practitioner that is on their approved list or should we pay for separate representation, with Santander appointing their own preferred solicitor.
When acquiring a property with the benefit of a mortgage it is normal for the buyer’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a conveyancer has to be on that lender's list of approved lawyers. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancing practitioner has to meet. Some banks now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should call Santander and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Santander's conveyancing panel as you are at liberty to use your preferred Sittingbourne lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another solicitor into the mix.