I am in the market for a low cost conveyancer. Should I go for for an online conveyancer or a family Faversham conveyancing solicitor?
Existing third party relationships is an important consideration when appointing conveyancing solicitors. Faversham law firms benefit from connections with mortgage brokers and agents, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much smoother for you. Possessing a sound intelligence of the local area also helps too.
five months have gone by following my purchase conveyancing in Faversham completed. I have checked the Land Registry website which shows that I paid £175,000 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 decided to have a survey carried out on a property in Faversham in advance of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Faversham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Faversham to see if the conveyancing costs will increase in light of this.
How straightforward is it to use the search tool to find a conveyancing practitioner in Faversham on the panel for my bank?
First pick a bank such as National Westminster Bank, Barnsley Building Society or Britannia then type in your preferred area such as Faversham. Conveyancing organisations in Faversham and beyond should be listed.
I recently found out that one of the directors of the firm undertaking the purchase conveyancing in Faversham is an aunty of the vendor. Is this allowed?
As long as there is no conflict of interest this should be fine. Where you are needing mortgage finance then the lender may have a say as many banks have specific instructions concerning this. For example for Nationwide Building Society as of 7/2/2019, the requirements read as follows :