lenderpanel

Find a Strood Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Strood? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Strood conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Strood conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Strood

Can I use your services to find a Conveyancing solicitor in Strood even if I’m not buying or disposing of a house, for instance if I intend to acquire a shop in Strood with a loan from Britannia?

The service is predominantly used to select residential conveyancing solicitors in Strood but we have recorded at the end of this page a selection of Strood commercial conveyancing firms. You should make contact with the solicitors directly to establish if they are also authorised to represent Britannia

Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Strood?

Unless a prior purchase of the house completed after 12 October 2013 you could assume that solicitors handling conveyancing in Strood to continue to advocate a chancel search and or insurance against a claim.

I am looking for a flat up to £305k and identified one round the corner in Strood I like with open areas and transport links in the vicinity, however it's only got 61 years on the lease. There is not much else in Strood in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension 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 consult your conveyancing lawyer about this matter.

Estate agents have just been given the go-ahead to market my garden apartment in Strood. Conveyancing solicitors are to be appointed soon, however I have recently received a yearly service charge invoice – should I leave it to the buyer to sort out?

It best that you pay the invoice as you normally would given that all ground rent and service invoices should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless 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 am the registered owner of a split level flat in Strood, conveyancing having been completed December 2007. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Strood with over 90 years remaining are worth £227,000. The ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2090

With only 71 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 as well as 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 investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

What is the distinction between surveying and conveyancing in Strood?

Conveyancing - in Strood or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you discover the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the vendor to fix the problems before you complete your move.

Last updated

Find out more about how flying freehold can affect your the value of a property.