I am not well enough to travel far from Faversham. Can you please spell out why all Faversham lawyers are not on all lender panels?

Mortgage Companies ordinarily impose restrictions on either the nature or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that the practice needs to have at least two partners. As well as restricting the nature of firm, some have decided to limit the number of practices they allow to represent them. You should note that building societies have no accountability for the standard of advice supplied by any Faversham lawyer on their panel. Mortgage fraud was the main trigger for the reduction of conveyancing panels a few years ago even though there are conflicting thoughts about whether solicitors sat at the center of that fraud. Statistics published by the Land Registry indicates that thousands of law organisations only carry out one or two conveyances a year. Those advocating conveyancing panel cuts question why law firms should have claim to remain on a bank panel when clearly conveyancing is not their primary expertise?

In the event thatI were to acquire a straightforward propertyin Faversham mortgage fee and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Faversham?

Any savings you would gain would be limited to the Faversham conveyancing searches. Your lawyer still be obliged to do everything else - money laundering, communicating with the sellers property lawyer, stamp duty return, register the ownership etc. You might save a bit for them not needing to register a mortgage but it won't be meaningful.

We are planning on selling our home in Faversham and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Faversham lawyer would know this is not the case. It does beg the question why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in Faversham. We have lived in Faversham for 5 years we know of no issue. Is it a good idea to contact our local Authority to get confirmation need.

It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)

How does conveyancing in Faversham differ for new build properties?

Most buyers of new build property in Faversham approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Faversham tend to acquire the land, 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 Faversham or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Faversham is the location of the property. Is there any advice you can impart?

Flying freeholds in Faversham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Faversham you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Faversham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.