We have rather brash sellers who has recommended a preliminary agreement with a payment two thousand pounds. Is it wise to enter into such agreements?

This type of preliminary agreement isn't frequently used in Folkestone, conveyancers will often direct clients away from them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the owner has entered into a lock out agreement they will complete the sale with you. They may be in contravention of the agreement if they are offered a large enough offer to do so because an aggrieved claimant with the benefit of a exclusivity agreement will still be duty bound to establish consequential losses from the breach and this may not equate the extra amount that your seller may obtain by breaching the contract, however morally shameful it undoubtedly is.

I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a house in Folkestone? or Apparently there is a law dating back centuries that means some house owners residing in a parish church boundary may be liable to contribute towards repairs to the chancel within the church. Is this appropriate for conveyancing in Folkestone?

Unless a prior purchase of the premises completed post 12 October 2013 you could assume that conveyancing practitioners conducting conveyancing in Folkestone to remain recommending a chancel search and or chancel repair liability policy.

I am buying a new build apartment in Folkestone. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Folkestone

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

Last September I purchased a leasehold property in Folkestone. Am I liable to pay service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I purchased a 1 bedroom flat in Folkestone, conveyancing formalities finalised May 2007. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Folkestone with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease ceases on 21st October 2085

With just 59 years left to run we estimate the price of your lease extension to range between £20,900 and £24,200 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.

How much experience do your Folkestone conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?

Folkestone conveyancing lawyers help thousands of people move home every year and helped plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Folkestone conveyancers have worked on recent similar cases.