Willappointing a Snodland conveyancing practice make the ownership transfer easier?

Snodland is a special area, where local know-how counts for a lot. The laid-back lifestyle has it’s attractions – just not for your conveyancing. The solicitors that we endorse display vast Snodland know how with a professional, hands-onattitude that helps the conveyancing to progress with the minimum of fuss. It is a definite plus if they can make use of well established relationships with financial advisers, search providers, valuers and counterpart Snodland conveyancing solicitors

Can you explain why leasehold purchase conveyancing in Snodland costs more?

The conveyancing charges for a leasehold premises in Snodland is frequently greater as compared to a freehold acquisition or disposal. This is because there is an amount of extra time required in communicating with the freeholder and managing agents to collate the evidence concerning whether the rent and maintenance charges have been discharged and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.

I'm purchasing a new build house in Snodland with a loan from Alliance & Leicester . The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not inform my lawyer about this extras as it would impact my mortgage with Alliance & Leicester . Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Due to the advice of my in-laws I had a survey completed on a house in Snodland in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some lenders may not give a mortgage on this type of house.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Snodland. Conveyancing may be slightly more expensive based on your lender's requirements.

Having had my offer accepted I require leasehold conveyancing in Snodland. Before diving in I would like to find out the remaining lease term.

If the lease is recorded at the land registry - and almost all are in Snodland - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I invested in buying a studio flat in Snodland, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding flats in Snodland with an extended lease are worth £195,000. The ground rent is £45 levied per year. The lease terminates on 21st October 2089

You have 64 years left to run we estimate the price of your lease extension to be between £14,300 and £16,400 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.