Can I use your services to recommend a Conveyancing solicitor in Tunbridge Wells even if I’m not buying or disposing of a house, for instance where I intend to acquire an office in Tunbridge Wells with a loan from Britannia?
Our comparison service is primarily there to get a quote from residential conveyancing solicitors in Tunbridge Wells but we have listed at the end of this page a few Tunbridge Wells commercial conveyancing firms. You will need to enquire with the solicitors directly to check if they are also authorised to represent Britannia
Our mortgage company has recommended a law firm on their panel based in Tunbridge Wells but I would rather instruct a conveyancing lawyer in Tunbridge Wells local to me. Are you able to help?
The minority of Tunbridge Wells conveyancing practices are approved and listed on all banks conveyancing panel. Use the above search tool to choose a Tunbridge Wells conveyancing solicitor on the on the lender panel.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Tunbridge Wells I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Tunbridge Wells in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Are there common problems that you see in leases for Tunbridge Wells properties?
Leasehold conveyancing in Tunbridge Wells is not unique. Most leases are unique and drafting errors can sometimes mean that certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:
Repairing obligations to or maintain elements of the property A duty to insure the building
You could encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Skipton Building Society, and Aldermore 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 does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.
Leasehold Conveyancing in Tunbridge Wells - Examples of Questions you should ask Prior to buying
This information is helpful as a) areas may cause problems for the building as the communal areas may begin to deteriorate if repairs are not paid for b) if the tenants have a dispute with the managing agents you will need to know about it Its a good idea to discover as much as you can regarding the company managing the building as they will either make living at the property much easier or uncomfortable. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to practical issues such as the cleanliness of the communal areas. Ask other people whether they are happy with their service. On a final note, be sure you discover the dates that you are obliged pay the service charge to the managing agents and precisely what it includes. Many Tunbridge Wells leasehold flats will be liable to pay a service charge for the upkeep of the building levied on behalf of the landlord. If you buy the apartment you will have to meet this charge, usually periodically throughout the year. This could be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all probability there will be a rentcharge to be met annual, normally this is not a significant amount, say approximately £50-£100 but you need to enquire it because sometimes it can be many hundreds of pounds.
My lawyers in Tunbridge Wells have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the mortgage company. Is it case that being on the bank conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the lender directly.