How do I investigate if the solicitor conducting my conveyancing in Folkestone is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for TSB thus spending £175.00 in additional conveyancing fees.
Feel free to take advantage of the search tool on this site. Please choose the mortgage company and type ‘Folkestone’ or your location and you will be presented with numerous conveyancers located in Folkestone or near you.
When it comes to mortgage companies such as Bank of Ireland, do Folkestone conveyancing practitioners face an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Folkestone conveyancing lawyers have been chosen. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the valuation? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am selling my apartment. I had a double glazing fitted in June 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Kent Reliance are being pedantic. The Folkestone solicitor who is on the Kent Reliance conveyancing panel is recommending indemnity insurance as a solution but Kent Reliance are requiring a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am buying a new build flat in Folkestone. Conveyancing is daunting 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 questions that you may expect your new-build leasehold conveyancing in Folkestone
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
I opted to have a survey done on a house in Folkestone before appointing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may not grant a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Folkestone. Conveyancing will be smoother if you use a solicitor in Folkestone especially if they are accustomed to such properties in Folkestone.
Should I be concerned if there is an issue with the searches carried out as part of our conveyancing in Folkestone?
On the whole, almost all adverse entries exposed in Folkestone conveyancing search responses can be addressed prior to completion or indemnity insurance can be taken. You should note that regardless of the fact that you are acquiring the property and may be content to live with the search results, your lender may not, and ultimately they have the final say.