As someone not used to conveyancing in Chatham what is the number one tip you can give me concerning the ownership transfer in Chatham
Not many law firms or advisers will tell you this but conveyancing in Chatham or throughout Kent is an adversarial process. Put another way, when it comes to conveyancing there is an abundance of room for conflict between you and other parties involved in the transaction. E.g., the seller, property agent and on occasion a mortgage company. Selecting a law firm for your conveyancing in Chatham an important selection as your conveyancer is your adviser, and is the SOLE party in the legal process whose responsibility is to protect your best interests and to keep you safe.
On occasion a third party with a vested interest will try and convince you that you should follow their advice. For instance, the estate agent may claim to be assisting by suggesting your conveyancer is slow. Or your financial adviser may try to convince you to do take action that is against your solicitors advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
My lawyer in Chatham is not listed on the Godiva Mortgages Ltd Solicitor Panel. Is it possible for me to use my prefered solicitor notwithstanding that they are not on the Godiva Mortgages Ltd panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your preferred Chatham solicitors but Godiva Mortgages Ltd will need to instruct a solicitor on their panel. This will result in additional total conveyancing fees and result in frustration.
- Get a new lawyer to act in the conveyancing, obviously checking they are Godiva Mortgages Ltd approved.
- Persuade your Godiva Mortgages Ltd based solicitor to try to join the Godiva Mortgages Ltd panel
I am purchasing a end of terrace house in Chatham. We would like to an extension at the rear at the property.Will legal conveyancing on the property involve enquiries to ascertain if these alterations are prohibited?
Your conveyancer should check the deeds as conveyancing in Chatham can on occasion identify restrictions in the title documents which prevent categories of changes or necessitated the consent of another owner. Certain extensions require local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
When it comes to mortgage companies such as Coventry BS, do Chatham conveyancers have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Intending to buy a house in Chatham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chatham conveyancing practitioner is on the Virgin Money conveyancing panel.
2 months have elapsed following my purchase conveyancing in Chatham concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 residence 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.
I am purchasing my first flat in Chatham with a loan from Bank of Ireland. The sellers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent told me not inform my lawyer about this extras as it may adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £305k and identified one near me in Chatham I like with open areas and railway links nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Chatham in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.