I have been told that property searches are the number one cause of hinderance in Strood house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Strood.
I'm refinancing my existing home to a buy to let mortgage with Platform Home Loans Ltd and I will use the ballance of the raised equity as a down payment on further house. The location we are talking about is Strood. Will your conveyancers be able to act for the two lenders and link together the conveyances?
Make use of our comparison tool on this site to check that the lawyers are approved by both lenders. Having checked that they are the conveyancer should be able to simultaneously deal with the two deals but you should talk with you solicitor and make clear your expectations and requirements.
We're first time buyers - had an offer accepted, but the property agent told us that the owners will only go ahead if we appoint the agent's preferred conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer with experience of conveyancing in Strood
We suspect that the seller is unaware of this demand. Should the owner desire ‘a quick sale', turning down a genuine purchaser is likely to cause more damage than good. Contact the vendors directly and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to instruct your own,trusted Strood conveyancing lawyers - as opposed tothose that will provide the negotiator at the agency a kickback or achieve conveyancing targets set by corporate headquarters.
I have recently realised that I have Fifty years unexpired on my flat in Strood. I need to extend my lease but my landlord is absent. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to prove that you have made all reasonable attempts to locate the lessor. On the whole a specialist should be useful to carry out a search and prepare an expert document which can be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Strood.
I invested in buying a 1st floor flat in Strood, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Strood with an extended lease are worth £201,000. The ground rent is £45 invoiced annually. The lease ceases on 21st October 2083
You have 64 years unexpired we estimate the price of your lease extension to span between £14,300 and £16,400 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues 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 before getting professional advice.
My wife and I have recently appointed a conveyancing solicitor in Strood. I need to find out if they are on the lender's approved list of lawyers. Can you help?
You should call your solicitor to check if they are on the bank's panel. Alternatively please get in touch with us and we can investigate and revert. If they are not on the bank panel we we can help find a quality conveyancing solicitor in Strood on the approved list for your lender.