If you had a top tip for choosing a conveyancing solicitor in Tonbridge what would it be?
It would be unwise to be swayed by the cheapest Tonbridge conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Tonbridge. Do I collect the keys to the house on the completion date from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Tonbridge?
On the day of completion you do not need to attend the conveyancers office in Tonbridge. Your solicitors will transfer the purchase money to the vendor’s solicitors, and once they have received this, you should be able to receive the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
I am the sole beneficiary of my late mum's will with all property in now in my sole name, including the house in Tonbridge. Conveyancing formalities meant that the Land Registry date was in January. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership may be regarded the same way as though I had purchased the house in January. Will no one buy the property for half a year?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view banks take of it, depend on the bank as this provision is principally there to capture subsales or the flipping of property.
I am buying a new build flat in Tonbridge. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Tonbridge
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I decided to have a survey done on a house in Tonbridge ahead of appointing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks may refuse to give a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Tonbridge. Conveyancing will be smoother if you use a solicitor in Tonbridge especially if they are familiar with such properties in Tonbridge.
I'm remortgaging my primary house to a BTL mortgage with Coventry Building Society and I will use the rest of the raised equity as a deposit on a second house. The neighborhood we are talking about is Tonbridge. Will your lawyers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Having checked that they are your lawyer will be able to tie up the two transactions but you should talk with you solicitor and communicate your expectations and requirements.
What are the common deficiencies that you encounter in leases for Tonbridge properties?
There is nothing unique about leasehold conveyancing in Tonbridge. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are not included. For example, if your lease is missing any of the following, it could be defective:
Clauses dealing with recovering service charges for expenditure on the building or common parts. Repairing obligations to or maintain elements of the property
A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, The Royal Bank of Scotland, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the buyer to withdraw.
Leasehold Conveyancing in Tonbridge - Sample of Queries before buying
Who are the managing agents? How is the lease structured? How many of the leaseholders are in arrears for their maintenance charge payments?