Why do I have to pay up front for my conveyancing in Lees and Moorside?

If you are buying a property in Lees and Moorside your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the total price then this should be required immediately in advance of exchange of contracts. The closing balance that is due will be payable a couple of days ahead of the day of completion.

Does a directory service exist listing Kent Reliance panel conveyancers in Lees and Moorside on the Council of Mortgage Lender’s Website?

Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings open the public online. If you are looking for a Lees and Moorside conveyancing practitioner on the Kent Reliance please use our tool.

I have instructed a Lees and Moorside solicitor having made sure that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?

Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Lees and Moorside surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.

My sealed bid on a property in Lees and Moorside has been agreed to, but there is a chain. The sellers have offered on a flat, however it’s not yet tied up, and have viewings of other flats booked. I have chosen a high street conveyancing solicitor in Lees and Moorside. What should be my next step? When should I get the mortgage application with Lloyds going?

It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then survey, Lees and Moorside conveyancing search charges, etc). First, you should check that your solicitor is on the Lloyds approved list. As to the subsequent phase this very much dictated by the uniqueness of your transaction, motivation for this property and on the state of the market. During a rising market the majority of purchasers will apply for a home loan with Lloyds and arrange for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with searches.

I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Lees and Moorside is where the house is located. What do you suggest?

Flying freeholds in Lees and Moorside are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lees and Moorside you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lees and Moorside may decide 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.

I am in need of some leasehold conveyancing in Lees and Moorside. Before I set the wheels in motion I require certainty as to the remaining lease term.

If the lease is recorded at the land registry - and 99.9% are in Lees and Moorside - then the leasehold title will always include the short particulars 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 am the registered owner of a basement flat in Lees and Moorside, conveyancing having been completed in 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Lees and Moorside with a long lease are worth £197,000. The ground rent is £55 invoiced annually. The lease finishes on 21st October 2080

With only 55 years left to run we estimate the premium for your lease extension to be between £31,400 and £36,200 as well as legals.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.

18 days into buying a house in Lees and Moorside. Conveyancing solicitor has called to say the property is "Leasehold". Does this adversely affect the salability of the house?

Lees and Moorside conveyancing does not in most situations involve leasehold houses. The main factor here is the unexpired lease term and the ground rent. If it's 999 years with a nominal rent, it's almost the same as freehold, so it’s unlikely to affect the value significantly.

At the other extreme, if it's, say, Sixty years it will have a significant impact on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease which should be made available to your lawyer.