Is there a search tool that I can utilise to discover of the solicitor handling my conveyancing in Isle of Sheppey is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for HSBC Bank thus spending £175.00 in further legal invoice.

You should take advantage of the find a lender approved solicitor tool on this web page. Please choose the mortgage company and type ‘Isle of Sheppey’ or your preferred area and you will be presented with numerous conveyancers located in Isle of Sheppey or nearest you.

I am buying my first flat in Isle of Sheppey with a mortgage from Halifax. The builders refused to move on the amount so I negotiated £7000 of additionals instead. The property agent told me not to tell my solicitor about this side-deal as it may affect my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Isle of Sheppey I like with open areas and station in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Isle of Sheppey in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.

I need to instruct a conveyancing solicitor for leasehold conveyancing in Isle of Sheppey. I've chance upon a web site which seems to have the ideal offering If it is possible to get all this stuff completed via web that would be preferable. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

Having had my offer accepted I require leasehold conveyancing in Isle of Sheppey. Before I get started I require certainty as to the number of years remaining on the lease.

Assuming the lease is registered - and 99.9% are in Isle of Sheppey - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I bought a 1st floor flat in Isle of Sheppey, conveyancing was carried out April 2000. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Isle of Sheppey with an extended lease are worth £195,000. The ground rent is £45 invoiced every year. The lease runs out on 21st October 2089

With just 63 years remaining on your lease we estimate the price of your lease extension to span between £16,200 and £18,600 as well as costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.