I plan on buying an apartment in Sevenoaks. My Conveyancer has never been on on the bank solicitor list. Is it possible for me to use my Sevenoaks conveyancing solicitor even though they are not on the lender approved list?
You have a couple of choices available to you here
- Proceed with your chosen Sevenoaks conveyancer but your bank will need to retain a solicitor on their approved list. The net result is additional cost and probable delay.
- Choose a new conveyancer to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Convince your property lawyer to seek to join the bank panel
We note that you have a post code search directory identifying firms on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Sevenoaks?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sevenoaks.
I am purchasing a new build house in Sevenoaks benefiting from help to buy. The builders refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about the side-deal as it would put at risk my mortgage with the bank. Should I keep quiet?.
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.
My company is planning to take over a lease of a shop on the high street. Can you recommend solicitors offering fixed fees for non-domestic conveyancing in Sevenoaks for less than 2k?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Sevenoaks, including the sale and purchase of businesses as well as simply premises. If you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right solicitor. As for the fees these will vary based on the structure and terms of the deal. Let us have your details or telephone so as to enable us to provide you with a fixed commercial conveyancing calculation.
Having checked my lease I have discovered that there are only 62 years unexpired on my flat in Sevenoaks. I now wish to extend my lease but my landlord is can not be found. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to prove that you or your lawyers have done all that could be expected to track down the lessor. On the whole a specialist would be helpful to conduct investigations and to produce a report which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the application to the County Court covering Sevenoaks.
I inherited a studio flat in Sevenoaks, conveyancing formalities finalised in 2010. Can you work out an approximate cost of a lease extension? Comparable flats in Sevenoaks with a long lease are worth £227,000. The average or mid-range amount of ground rent is £50 per annum. The lease ends on 21st October 2090
With just 72 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.