Me and my partner are acquiring a maisonette in Westerham. My Solicitor is not on the lender approved list. Can I still use my Westerham conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?
One must have a conveyancer to complete the legal work required when you need a loan to purchase your property. The conveyancing practitioner will carry out all the necessary investigations on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage documentation is in place. You could select a Westerham solicitor of your choosing. However, if the property lawyer selected is not on the bank solicitor panel further costs will be incurred as separate legal representation will be need by the lender. Lender panel applications can be submitted, so provided your solicitor has not in the past applied for membership they should do so.
four months have gone by following my purchase conveyancing in Westerham concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Westerham. Conveyancing is necessary evil 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 conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Westerham
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. There must be mutual enforceability of lessee’s covenants. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I'm converting the mortgage on my primary home to a BTL loan with Barclays Direct and I will use the ballance of the raised equity towards further house. The area we are looking at is Westerham. Will your lawyers be able to act for the two banks and tie in the transactions?
Do use our search tool on this page to check that the solicitors are on the relevant lender panels. Assuming that they are the lawyer should be able to connect the two conveyancing matters but you should have a chat with you conveyancer and specify your desired outcome and requirements.
I have just started marketing my basement flat in Westerham. Conveyancing solicitors are to be appointed soon, but I have just received a half-yearly service charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal given that all ground rent and service payments should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until 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.
Westerham Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
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Does the lease include onerous restrictions? You should be aware that where the lease has no more than eighty years it will affect the value of the property. Check with your lender that they are content with residual term of the lease. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Westerhamlease extensions you will need to own the residence for a couple of years before you are entitled to extend the lease. Can you tell me if there are any major works in the near future that could increase the maintenance charges?
I am buying a property and need a conveyancing solicitor in Westerham who is on the bank solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Westerham. We dont recommend any particular conveyancing practice.