I am acquiring a newly constructed duplex in Isle of Sheppey and my solicitor is informing me that she is duty bound to the mortgage company to disclose incentives from the developer. I am nearing the developer’s deadline to sign contracts and I have no desire to prolong the conveyancing. Is my lawyer right?

You should not exchange unless you have been advised to do so by your . A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

My uncle passed away six months ago and as sole heir and executor I was left the property in Isle of Sheppey. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to , pay off the mortgage. Is this allowed?

Given you intend to refinance then will require that you use a conveyancer on the conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the mortgage is registered as a charge at the Land Registry.

I am aiming to move house in . Will my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you suggest a removal company in Isle of Sheppey. Conveyancing lawyer was organised prior to coming across your site.

On the day of completion you will need to pick up the house keys from the property agent but this can only be done once the vendors solicitors inform the agent that they have the completion monies and the keys can be given over. You should advise the removal men that you are ready to move in. We do not suggest a particular removal organisation but can assist you in choosing a conveyancing in Isle of Sheppey or a solicitor with expertise in conveyancing in Isle of Sheppey.

We had chosen solicitors with offices in Isle of Sheppey on the solicitor panel. They are now charging me an additional fee for the legal aspects of the mortgage. Is this a supplemental conveyancing fee specified by ?

Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your may levy a fee for this. This charge is not dictated by but by your Isle of Sheppey . Some firms on the panel will charge an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.

We are getting the release of further monies on our mortgage from as we want to carry out improvements to our home in Isle of Sheppey. Do we need to choose a bricks and mortar Isle of Sheppey solicitor on the conveyancing panel to deal with the legals?

don't usually instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the panel.

Back In 2004, I bought a leasehold house in Isle of Sheppey. Conveyancing and mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Isle of Sheppey who acted for me is not around. Any advice?

First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to incur the fees of a Isle of Sheppey conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I purchased a split level flat in Isle of Sheppey, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Isle of Sheppey with an extended lease are worth £165,000. The ground rent is £45 levied per year. The lease expires on 21st October 50

You have 50 years unexpired we estimate the premium for your lease extension to range between £36,100 and £41,800 as well as legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.

What is the difference between surveying and conveyancing in Isle of Sheppey?

Conveyancing - in Isle of Sheppey or elsewhere - is the process of legally transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the seller to fix the problems prior to you move in.