Having sold my house in Meopham last October but our buyer keeps SMS messaging every few hours to moan that her lawyer is waiting to hear from mine. What should my lawyer have done following completion?
Post completion of your sale your lawyer should deliver the transfer deeds and all supplemental paperwork to the purchaser's lawyers. If applicable, your lawyer must also evidence that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There are no post completion requirements unique to conveyancing in Meopham.
I am considering applying for a Kent Reliance mortgage for purchase of a new build (under development) in Meopham with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I acquired my home on 5 July and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Meopham expressed confidence that it should be recorded in less than a month. Are properties in Meopham particularly slow to register?
As far as conveyancing in Meopham registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can vary subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any other persons or bodies. At present in the region of 80% of submission are fully addressed in less than three weeks but some can be subject to longer delays. Registration is effected after the purchaser has moved in to the premises therefore registration formalities is not always primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers must speak with the land registry and explain the circumstances.
We're new on the property ladder - had an offer accepted, but the property agent informed us that the seller will only proceed if we instruct the agent's preferred conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer with experience of conveyancing in Meopham
We suspect that the owner is not behind this requirement. If they require ‘a quick sale', taking such a hostile approach to a serious buyer is not the way to achieve this. Contact the sellers directly and make the point that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you are going to instruct your preferred Meopham conveyancing firm - rather thanthose that will earn their negotiator at the agency a commission or achieve conveyancing figures demanded by senior management.
I am attracted to a two flats in Meopham which have in the region of forty five years left on the lease term. Do I need to be concerned?
A lease is a right to use the property for a period of time. As the lease shortens the marketability of the lease reduces and it becomes more costly to extend the lease. This is why it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena.
Meopham Leasehold Conveyancing - Examples of Questions you should consider before buying
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What restrictions are there in the Meopham Lease? How many of the leaseholders are in arrears for their service charge payments? How much is the ground rent and service charge?
20 days into buying a house in Meopham. Conveyancing solicitor has phoned to say the property is "Leasehold". Does this make a difference on our home loan valuation?
Meopham conveyancing does not normally involve leasehold houses. The crucial factor here is the remaining lease term and the ground rent. If it's 999 years with a nominal rent, it's virtually freehold, so it’s unlikely to impact the saleability too much.
At the other extreme, if it's, say, Sixty years it will have a significant impact on the saleability, and most likely wouldn't be mortgageable. The length of lease and ground rent will be specified in the lease provided to your lawyer.