I am not in a position to travel far from Chatham. I would like to know the reason why all Chatham conveyancers are not on all mortgage company panels?
Lenders tend to restrict either the nature or volume of conveyancing firms on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the structure of firm, some lenders made a decision to reduce the size of their panel they allow to act for them. It is worth noting that mortgage companies have no liability for the quality of advice provided by any Chatham solicitor on their panel. Mortgage fraud was the main trigger for the reduction of conveyancing panels a few years ago notwithstanding that there are opposing opinions concerning whether solicitors sat at the center of that fraud. Statistics via the Land Registry exposes that thousands of conveyancing organisations only transact one or two conveyances annually. Those vindicating conveyancing panel pruning question why law firms deserve any entitlement to be listed on a conveyancing panel when it is evident that conveyancing is not their primary expertise?
What is the difference between a licensed conveyancer and conveyancing solicitor in Chatham
There are many recorded licenced Conveyancers in Chatham and Solicitor practices in Chatham who can help with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Forgive me if this question is silly but I am unexperienced as FTB of a garden flat in Chatham. Do I receive the keys to the house on completion from my conveyancer? If so, I will instruct a High Street conveyancing solicitor in Chatham?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you should be invited to receive the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
We previously chose conveyancing lawyers locally in Chatham on the Bank of Ireland solicitor approved list. They are now charging me a separate sum for the legal aspects of the Bank of Ireland mortgage. Is this a supplemental conveyancing fee specified by Bank of Ireland?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your property lawyer can charge a fee for this. The charge is not dictated by Bank of Ireland but by your Chatham solicitor. Numerous firms on the Bank of Ireland panel will charge ’dealing with mortgage’ fee but plenty of practices include it on their overall fee.
How does conveyancing in Chatham differ for new build properties?
Most buyers of new build premises in Chatham contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Chatham usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Chatham or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in Chatham I like with a park and railway links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Chatham for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage that many years may be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
What makes your site different to alternative online quote calculators for conveyancing in Chatham?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Chatham. As opposed to estate agents and many comparison sites we do not charge firms a fee if you choose them for your home move in Chatham