I have given 2 months notice to my existing landlord and must leave my let out property in Isle of Sheppey by the end of next month. Conveyancing on my purchase is progressing. Can I complete in three weeks as don't want to have to find short term accommodation?
Generally one should not provide notice on a rental until exchange of contracts has taken place. If you have not previously done so, notify to your lawyer and ask them to they cajole the owners solicitors, try to get a realistic time scale from them that all parties will look towards
We previously instructed conveyancers locally in Isle of Sheppey on the Santander solicitor panel. They are now charging me an additional fee for the legal aspects of the Santander mortgage. Is this a supplemental conveyancing fee set by Santander?
Provided it is contained in their Terms of Engagement or Quote then yes your property lawyer is entitled to charge a fee for this. This charge is not set by Santander but by your Isle of Sheppey solicitor. Plenty of firms on the Santander panel will charge an ‘acting for lender’ fee but many firms incorporate it on their overall fee.
Can I be sure that the Isle of Sheppey conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Isle of Sheppey obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor conducting your transaction.
Two weeks ago we had a mortgage agreed in principle with RBS. Isle of Sheppey conveyancing solicitors were appointed. How long does it take for RBS to forward the offer to the property lawyer?
There is no definitive answer here. Have RBS conducted the survey? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Isle of Sheppey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Isle of Sheppey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
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At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Isle of Sheppey. Unlike many estate agents and many comparison sites we do not charge firms a fee if you appoint them for your conveyancing in Isle of Sheppey
We own a leasehold flat in Isle of Sheppey. Conveyancing was finalised in 2011. I have read on a number of consumer forums that I should not allow the lease length get too short. Why is that a problem?
Isle of Sheppey leasehold properties are for a set period - usually 99 years when they are first granted. However many appartments in Isle of Sheppey were constructed or converted in the 70’s80’s and so such leases now have fewer than 80 years unexpired. This may sound like a long time however Banks, Building Societies and other mortgage companies tend to require leases to have at least 75 years remaining to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are getting close to 75 years. To increase your property value you should be thinking about whether or not to extend your lease long before you come to sell it. Furthermore strong financial reasons to doing so before the lease reaches even eighty years as when the lease falls below eighty years the amount you have to pay to extend starts to get a lot more expensive.