We were about to retain a conveyancing solicitor in Maidstone endorsed by you but stumbled across alternative quotes via the web appear cheaper – why is this?
There are lots of conveyancers advertising at first sight what seems to be the cheapest conveyancing in Maidstone. We suggest that you give due consideration as to how important this transaction is to you that you are willing to take 'cheap' risks concerning the quality of the legal work. Some hide fees well inside the terms of business. The solicitors that we put forward for conveyancing in Maidstone neverbehave this way.
My lawyer has informed me that lack of right of way insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Maidstone?
The right level of lack of right of way indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and Leeds Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
Can you point me to a directory of Virgin Money panel solicitors in Maidstone on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings viewable online. Where you are seeking to appoint a Maidstone lawyer on the Virgin Money please use our facility.
I was told four weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Maidstone is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
Is it necessary to take out insurance to cover chancel repairs when acquiring a property in Maidstone?
Unless a prior acquisition of the house took place post 12 October 2013 you can take it that lawyers handling conveyancing in Maidstone to continue to propose a a chancel search and or chancel repair liability policy.
I'm converting the mortgage on my primary house to a BTL loan with Bank of Scotland and I will use the rest of the raised equity as a deposit on another property. The location we are talking about is Maidstone. Will your lawyers be able to act for the two lenders and link together the transactions?
Do use our search tool on this page to be sure that the lawyers are on the relevant lender panels. Having checked that they are your lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and specify your expectations and requirements.
I am employed by a busy estate agency in Maidstone where we see a few leasehold sales jeopardised as a result of short leases. I have been given inconsistent advice from local Maidstone conveyancing firms. Could you clarify whether the vendor of a flat can start the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Maidstone - Sample of Questions you should consider before buying
What is the length of the lease? Does the lease include onerous restrictions? The best form of lease arrangement is a share of the freehold. In this scenario the leaseholders enjoy being in charge if their destiny and even though a managing agent is often retained where it is larger than a house conversion, the managing agent acts for the leaseholders themselves.