I am not well enough to travel far from Rochester. Please spell out why all Rochester are not on all mortgage company panels?

Lenders tend to restrict either the type or volume of conveyancing practices on their panel. Typical examples of such criteria being that the firm is required to have at least two partners. As well as restricting the nature of firm, some building societies made a decision to restrict the number of conveyancers they use to act for them. You should note that lenders have no responsibility for the quality of conveyancing provided by any Rochester on their approved list. Increases in mortgage fraud was the key driver in the culling of solicitor panels from 2008 even though there are differing views about whether solicitors sat at the center of that fraud. Statistics from the Land Registry indicates that thousands of conveyancing practices only conduct a couple of conveyances a year. Those advocating conveyancing panel cuts ask why conveyancing firms should have the right to remain on a conveyancing panel when clearly conveyancing is not their primary expertise?

3 months have elapsed following my purchase conveyancing in Rochester took place. I have checked the Land Registry website which shows that I paid £150,000 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 residence 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.

I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Rochester is the location of the property. Is there any guidance you can impart?

Flying freeholds in Rochester are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rochester you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rochester may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Is it simple use the search tool to select a conveyancing lawyer in Rochester on the authorised to act for my lender?

Step one is to choose a lender such as , or then type in your preferred area for example Rochester. Conveyancing firms in Rochester and beyond should be listed.

I am in need of some leasehold conveyancing in Rochester. Before I get started I would like to find out the remaining lease term.

If the lease is recorded at the land registry - and almost all are in Rochester - then the leasehold title will always include the basic details 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 inherited a leasehold flat in Rochester, conveyancing was carried out in 1995. How much will my lease extension cost? Corresponding flats in Rochester with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 50

With just 50 years remaining on your lease we estimate the price of your lease extension to span between £36,100 and £41,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.