A loan agreement from HSBC for the refinancing of my 3 room garden flat is expected imminently. Are you able to recommend a cheap conveyancing practitioner in Meopham?
This site is not designed to aid those in their quest for the cheapest conveyancing in Meopham. Our aim is to provide value for money conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing brokers offering £100 conveyancing in Meopham. At best, in being led by cheap conveyancing, you will earn what you pay for and at worst you will end up paying a lot in additional fees and still not receive the service you were looking for.
Can your site be used to locate a Conveyancing solicitor in Meopham even if I’m not purchasing or disposing of a house, for instance where I intend to acquire a shop in Meopham with a loan from Lloyds TSB Bank?
Our search tool is primarily there to find domestic conveyancing solicitors in Meopham but we have recorded towards the end of this page some Meopham commercial conveyancing firms. You should make contact with the solicitors directly to see if they can also act for Lloyds TSB Bank
My bank has recommended solicitors on their panel based in Meopham but I would rather instruct a conveyancing lawyer in Meopham or nearer to where I live. Can you help?
Far from all Meopham conveyancing practitioners are approved and listed on all lender’s conveyancing panel. Use our search tool to identify a Meopham conveyancing conveyancer on the on the lender panel.
I'm buying a new build house in Meopham with a loan from The Mortgage Works. The sellers would not move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not to tell my conveyancer about this extras as it could impact 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 CML website. CML 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 opted to have a survey carried out on a house in Meopham ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to grant a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Meopham. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking at a couple of flats in Meopham which have about 50 years left on the lease term. should I be concerned?
There are no two ways about it. A leasehold apartment in Meopham is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it reduces the value of the premises. The majority of purchasers and mortgage companies, leases with under eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Meopham conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I own a 1st floor flat in Meopham, conveyancing was carried out 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Meopham with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease ends on 21st October 2079
With only 53 years remaining on your lease the likely cost is going to span between £27,600 and £31,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.