Is it realistic for conveyancing in Southborough to be done inside 10 days?
In a situation where the seller is applying pressure to exchange it is highly recommended that your lawyer is familiar with the area as they will benefit local connections and know-how. It is even conceivable that they could have handled otherhouses in the same neighbourhood. Therefore consider using a Southborough conveyancing lawyer. In addition, check that the lawyer is on the member panel. It is claimed that nearly one in five of Southborough conveyancing transactions are delayed or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the home move being delayed by almost 21 days. It is believed that this issue affects in the region of one hundred thousand home moves annually. Many Southborough conveyancing practices can not represent certain banks so do check as early as possible.
My mortgage company has recommended a law firm on their panel based in Southborough but I would rather instruct a conveyancing lawyer in Southborough round the corner to me. Can you help?
It is by no means the case that all Southborough conveyancing practices are on all banks conveyancing panel. Use our find an approved solicitor tool to identify a Southborough conveyancing firm on the on the lender panel.
If you had a top tip for choosing a conveyancing solicitor in Southborough what would it be?
It would be unwise to be tempted by the lowest Southborough conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
My bid for a property was accepted at auction in Southborough. Conveyancing is needed. What is next?
Now that you are legally committed yourself to purchase you should appoint a conveyancing lawyer soon as you now have a fast approaching a drop dead date to complete the deal. Every auction property should have an associated legal pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should pass this on to the conveyancer working for you at the earliest opportunity. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
I currently have a mortgage with Kent Reliance for my property in Southborough. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention in advance of letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel lawyer.
I was recommended by a few selling agents in Southborough to locate a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to market your site over and above another?
We don’t offer any commission for sending work our way. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
In my capacity as executor for the will of my uncle I am disposing of a house in Cardiff but I am based in Southborough. My conveyancer (who is 235 miles from mehas requested that I execute a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Southborough who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Southborough
I am the proprietor of a first flat in Southborough. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to decide the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Southborough premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The remaining number of years on the lease was 50.57 years.
What are the common defects that you witness in leases for Southborough properties?
Leasehold conveyancing in Southborough is not unique. All leases are unique and drafting errors can result in certain sections are missing. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain parts of the property Service charge per centages that don't add up correctly leaving a shortfall
A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Skipton Building Society, and TSB all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the purchaser to pull out.