My fiance and I are hoping to buy a property in Whitstable and have appointed a Whitstable conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. Nationwide Building Society have this evening contacted us to advise us that there is now an issue as our Whitstable lawyer is not on their approved list of lawyers. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Whitstable lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
It has been 3 months since my purchase conveyancing in Whitstable concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Whitstable I like with amenity areas and transport links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Whitstable suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Hoping to buy a property located in Whitstable and I am already nervous. I couldn't find anything specific about Whitstable. Conveyancing will be needed in due course but do you know about the Whitstable area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Whitstable. In the meantime here are some basic statistics that we found
It may have been a long time coming a mortgage offer from a lender for the remortgage of my 4 bedroom garden flat is expected imminently. Are you able to suggest a cheap remortgage conveyancing practitioner in Whitstable ?
You have come to the wrong place to search for the cheapest conveyancing in Whitstable. Our intention is to offer excellent value conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint companies offering low cost conveyancing in Whitstable.At best, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for extras and still not get the service required.