Can you suggest a Accord Mortgages Ltd accepted Maidstone conveyancing solicitor finish our house move within 28 days? Would it be better to use a local Maidstone solicitor or an internet firm?

We would be happy to suggest some excellent Maidstone conveyancing firms. Another option is to visit the high street in Maidstone. Visit a couple of law practices and ask to see a conveyancing solicitor for a fee estimate. Discuss your requirements together with your reasons and ask for an assurance on speed. Appoint the lawyer that appears most efficient.

How does conveyancing in Maidstone differ for new build properties?

Most buyers of new build or newly converted property in Maidstone contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Maidstone tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Maidstone or who has acted in the same development.

I am looking for a ground for flat up to £305k and identified one close by in Maidstone I like with amenity areas and station in the vicinity, however it's only got 52 years on the lease. There is not much else in Maidstone for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.

I'm converting the mortgage on my existing house to a buy to let loan with Bank of Scotland and intend to use the remaining equity towards another house. The location we are looking at is Maidstone. Will your lawyers be able to act for both sets of mortgage companies and tie in the two deals?

Make use of our search tool on this page to be sure that the conveyancers are on the appropriate lender panels. Having checked that they are your lawyer will be able to connect the two deals but you should have a chat with you solicitor and make clear your desired outcome and requirements.

In relation to leasehold conveyancing in Maidstone what are the most frequent lease problems?

Leasehold conveyancing in Maidstone is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:

Insurance obligations A provision for the recovery of money spent for the benefit of another party.

A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Leeds Building Society, and Clydesdale all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.

Leasehold Conveyancing in Maidstone - A selection of Questions you should consider Prior to Purchasing

What is the name of the managing agents? Does the lease include onerous restrictions? Most Maidstone leasehold flats will incur a service charge for the upkeep of the block levied on behalf of the management company. If you acquire the flat you will have to meet this contribution, usually in instalments throughout the year. This may differ from several hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a rentcharge for you to pay annual, ordinarily this is not a exorbitant figure, say approximately £50-£100 but you need to enquire it because sometimes it can be many hundreds of pounds.