My flat in Paddock Wood is up for sale and I have a buyer. Will the conveyancer need to be required to be on the Barclays conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.

How does conveyancing in Paddock Wood differ for new build properties?

Most buyers of new build property in Paddock Wood contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Paddock Wood tend to purchase the real estate, 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 Paddock Wood or who has acted in the same development.

I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Paddock Wood is where the house is located. Can you shed any light on this issue?

Flying freeholds in Paddock Wood are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Paddock Wood you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Paddock Wood may ascertain 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 residence.

I am a fortnight into a freehold purchase having been referred to conveyancers by the local agent to perform conveyancing in Paddock Wood. I am am very disappointed with the quality of service. Could you you assist me in finding new solicitors?

They would have to be very poor in order to consider diss instructing them. Has the mortgage offer been generated? If so you will need to inform them of the new contact details and ensure the offer are issued to the new lawyers. Your conveyancer should be on the lenders panel to avoid added costs and frustration. So that should be your first question of the new conveyancers. Our find a solicitor tool will assist you in finding a bank approved lawyer for your conveyancing in Paddock Wood

Estate agents have just been given the go-ahead to market my 2 bed apartment in Paddock Wood. Conveyancing solicitors are to be appointed soon, but I have just received a half-yearly service charge demand – what should I do?

The sensible thing to do is pay the maintenance contribution as usual because all ground rent and maintenance charges will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I inherited a 2 bed flat in Paddock Wood, conveyancing formalities finalised in 1998. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Paddock Wood with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease expires on 21st October 2082

With 57 years left to run the likely cost is going to range between £28,500 and £33,000 as well as professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.