Monthly Archives: July 2016

solicitors in Kent

Best Solicitors in Kent for Conveyancing

Conveyancing has always been one of the most critical and important subjects in the United Kingdom. Many legal processes and steps need to be taken care of during the conveyancing or the transfer of property process from the seller to the buyer in Kent. Even though the ultimate goal of the process is to change the documents from the name of the seller to the purchaser but different stages are handled by solicitors. The Solicitors in Kent are eligible, efficient and obviously very much professional in nature. These solicitors bring various methods to bring down the cost of the conveyancing. Kent is one of the most popular areas in the United Kingdom, and the conveyancing is pretty much straightforward there.

Different schemes and methods are available for the buyers that can be real beneficial for the conveyancing cost.

Fixed Price conveyancing for solicitors in Kent

Fixed Price Conveyancing is one of the most common and very useful as well. Under this scheme or process, the entire conveyancing process will be carried out at a pre-determined price by the solicitors. This is one of the best types of the deal when it comes to the conveyancing process. Many solicitors in Kent are providing the facility for the buyers and the sellers. The prime advantage of the fixed price conveyancing is that you can be confident of the price during the entire conveyancing process, and the solicitor will take care of the situation. The fixed price conveyancing includes the search and disbursement fees for the conveyancing as well.

Hourly Conveyancing

This is the typical conveyancing process for the solicitors in Kent. The charge for the solicitors can depend on the hours spent on the process, and the buyer or the seller has to pay the amount for the hours billed. This guarantees the payment only for the time dedicated to the conveyancing process, so the buyer and seller do not need to pay the extra amount. However, the hourly conveyancing process may go horribly wrong if the conveyancing process runs into legal complications. The hours billed can be huge in that case, and the conveyancing cost may shoot up.

Expertise of Solicitors

If you are going for a solicitor in Kent, you must consider the expertise as well. The experience and the exposure to various conveyancing processes can make things better for the buyer and seller. It also helps the customer to feel secured for the conveyancing process.

Which Solicitors to go for in Kent

Many solicitors in Kent can are available for the conveyancing process. However, it is always better to search for the local solicitors who can be extremely helpful for the property transfers. The solicitors’ charges must be a variable to consider while selecting the solicitors. Kent is one of the growing areas in the United Kingdom and considered as one of the best areas for buying Freehold and Leasehold properties.

 

Conveyancing Law Firms Kent

Conveyancing Law Firms in Kent

Located in the South Eastern part of England, Kent is one of England’s leading ports. With a population of just over 1.4 million as per the 2014 census. The county is the second most populous in the South East region. Known as “The Garden of England,” Kent is blessed with an abundance of fruit and hop gardens. The county is diversified both economically and demographically with a relatively large black and Asian population. Its proximity to France also makes it a hotspot as a port for those traveling from England to France via the sea. Moving to Kent can change the world for some, Conveyancing Law Firms in Kent are on the rise and there’s a lot of competition to choose from.

With a vibrant economy and a large population, Kent’s real estate is very competitive. As a result, there are several law firms in Kent dealing in real estate in the county.

Well Known Conveyancing Law Firms in Kent

The most common ones are independent property Lawyers Ltd located in Ashford, Kent; V.E White & Solicitors, Orchid law also located in Ashford, Bull & Bull Conveyancing located in Canterbury. NBM Law, Keogh Caisley, Frederic Hall, Andrew Lee & Co are also major firms found within Kent. It is up to an individual to choose the best company to handle the legalities of the transaction for you. Price wise NBM Law is known to offer the best services with a low cost conveyancing budget.

Now in the real estate field, it is important to know exactly who does what. Many people fail to differentiate between a solicitor and a conveyancer. The two offer the same services as they both deal with the legalities of the transaction i.e. transferring the titles from the seller to the buyer. Their differences come with their education, their experience in the field and the bodies that govern or regulate them.

Conveyancing Solicitor Vs Licensed Conveyancers

A solicitor spends more time with in-depth learning of the Law than licensed conveyancers. He/she is at first a lawyer with at least 3 to 4 years earning a bachelor’s degree in law. They then go to law school to qualify as full-fledged lawyers, and it is during this time that they choose to specialize in real estate. After their stint in law school, solicitors will join a firm to start their practice. Such law firms in Kent are like the ones stated above; they are an assortment of lawyers each with their specialization pooling their resources together regarding expertise to provide legal services to their various clients.

Conveyancers, on the other hand, do not have to go to law school or earn a bachelor’s degree. They obtain their training through experience in conveyancing law firms for the field and earn their certification after being tested in examinations. A conveyancer, however, is not to be taken as a novice. Their many years of experience in the field gives them an edge over solicitors. Indeed many people in the UK do prefer legal conveyancers over solicitors. Conveyancers also offer their services through firms where some conveyancers gather their resources and expertise to provide conveyancing services to their clients.

Solicitor conveyancing Kent

Benefits of solicitor conveyancing in Kent

Buying or selling a home is one of the biggest decisions of your life. From getting the house prepared for sale, putting it on the market, finding a buyer or a seller and finally settling the deal. The process is a long one and for most of us, we need help especially with the paperwork. When it comes to the UK, and Kent to be specific, you will need the services of a legal professional more than ever. The legal requirements within the county is more than overwhelming even for professionals. With the help of solicitor conveyancing can be as convenient as it can be.

For sellers, a realtor will put the property on the market for you and try to find the best deal for you. For buyers, the realtor will try to find the best possible deal for you on the market listing. With all of these, however, you will need the services of a legal expert to take care of all the legalities about the buying or selling of real estate.

Conveyancing Professional Options

Now when it comes to handling legal matters in real estate, there are usually two options. You can choose to use either a conveyancing solicitor or just a licensed conveyancer. Unfortunately, many people do not even know the first thing about either of them let alone their difference.

To state their difference, we must appreciate that both are professionals dealing with the legalities involved in buying or selling a home. This is the transfer of the legal title of the home from the buyer to the seller (it is much more complicated than it sounds).  Their main difference comes first by the bodies that regulate them. Licensed Conveyancers are governed by the CLC (Council of Licensed Conveyancers) while solicitors are regulated by the SRA (Solicitors Regulation Authority).

More substantial differences are however in their training, conveyancing fees and so on. When it comes to training, a solicitor receives much more training than a conveyancer. A solicitor is first, a fully trained lawyer with a 3 to a 4-year law degree. And then a two-year legal practice Course finishing with ‘Training Contract’ with a Solicitors practice for two years. A conveyancer, on the other hand, tends to be a self-taught legal practitioner only sitting exams for approval by the CLC. Solicitor conveyancing. therefore, offers a much wider legal knowledge and can deal with some issues, a conveyancer is restricted only to real estate law.

Benefits of solicitor conveyancing

A solicitor working in a firm with other solicitors has contact with solicitors specializing in other areas of law. They thus are in a better position to handle complicated cases that may require much more than the basic real estate knowledge like family law, litigation, wills, and more.

Conveyancers can represent both sides of a transaction. They are allowed to represent both the buyer and the seller in the same transaction. This naturally can present a conflict of interest for both parties. A solicitor however due to his/her legal experience often only represents the interest of either the buyer or seller and is thus at a better position of negotiating a good deal on behalf of his client.

Solicitor conveyancing is more often than not the best choice in real estate transactions.

conveyancing process kent

Conveyancing process length for Kent County

Conveyancing process length for Kent county located north-west of London can take up to ten weeks to be complete. We want to make sure you understand a little more about the conveyancing business in Kent, with the purpose of helping you out with your buying or selling decision. Moreover, we will talk about the preparation process that takes place from exchanging contracts to the completion of the process and finally being able to get to your new home.

As previously mentioned, on average the conveyancing process length should take from six to ten weeks until its completion depending the complexities. It takes two to three weeks of researches and enquiries before the exchanging contract process phase begins. However, the whole process could be done in only a few days. For that to happen you must not have any mortgage in place, and you would need to be buying an empty house.

Conveyancing process Preparation

  • Buyer

The chosen conveyancer will do some legal searches about the property to make sure there are nothing you should be aware of. There will be local authority searches, which usually takes one to two weeks, also checking the register and title Plan at Land Registry. Flood risk checking can also go ahead at the Land Registry; the advised is the environmental search, for it is a complete verification. Water authority and Chancel repair searches are also mandatory.

  • Seller

The conveyancer will help you to fill out questionnaires about the property. Such as the (TA 6) which includes information on boundaries, any dispute, sewerage, council taxes and others. The (TA 10) is necessary for any fixtures you would like to include with the property. More technical, the (TA 13) includes finalisation details to ensure the house is free of mortgages and liability claims. Moreover, your conveyancer draughts a contract based on those questionnaires.

Negotiation Stage

While negotiating the contract, both parties should agree on the date of completion. It usually takes seven to twenty-eight days after exchanging the contracts; what else consists in the sale price, and how much each party pays for fixtures and fitting. Moreover, the buyer must do a survey conducted on your property, so that anything major that pops up should be negotiated, whether asking the seller to fix it or deducing it on the sales price.

Exchanging Contracts

Once the contracts have exchanged, seller and buyer will be in a legally binding contract to buy/sell the property, having a fixed move-in date, which means the seller cannot accept any other offer on the property. Under the penalty of being sued if the sale does not go through.

The buyer makes a deposit of 10% of the purchasing price. Assuming that the purchaser decides not to go through with the process, the seller keeps the 10%. If the contract falls through for any irregularity done by the seller, the buyer gets the full deposit back, plus interest that might have accrued on the reservoir.

Completion Day

Seller needs to hand over the keys, usually at the estate agent, after confirming the money has been received. The conveyancer and/or solicitor will receive the balance of the sale and all the legal documentation proving ownership will be hand over. The buyer will have to pay Stamp Duty Land Tax, and will only receive the legal documents about twenty days after the solicitor has sent them to the Land Registry.

That is the whole process involving conveyancing in the county of Kent.  Some well-known firms that could help you out with the conveyancing are Homeward Legal, NBM Law, and The Conveyancing Network.

how much does it cost to sell a house

How much does it cost to sell a house in Kent?

As an owner of a house in Kent, one must first make up their mind to sell it. However, the seller often gets confused with a selling price of the home. It is often misunderstood as the purchase price of the owner. However, neither the purchase price is the cost of buying a home and nor the selling price of the house for the seller. There is the chain of actions and things that are to be addressed. These are important to understanding how much does it cost to sell a house in Kent? These are mandatory, common, legal and sometimes required for the selling as well.

How much does it cost to sell a house in Kent?

The entire cost of selling is the addition of all the associated charges of selling the house along with the sale price.

Repair Cost

As you decide to sell the house to the buyer, you must consider restoring the property to make it up to date. The replacement cost is considered as the investment to increase the selling price as well. If you have a house that has not been improved for long, then either the purchaser will not be attracted, or the sale price will be very less.

Estate Agent

It always depends on the seller to go with an estate agent or not. However, it is tough in modern days to sell a property without an agent. There are few things that you need to understand about the real estate agents. These agencies charge a service fee or commission for finding the buyer, and that includes the selling cost as well.

Conveyancing Fees

This is one of the most important parts of the entire process of selling the home. One must select a solicitor as well to go through the whole process and also take the up legal proceedings of the transferring the property to the buyer. The solicitor fee and the conveyancing fees must be included in the entire cost.

The conveyancing tasks related to selling are less but still must be taken care properly. Mistakes can lead to transaction failures and will add more costs needed for selling it elsewhere.

Moving Out costs

Once the deal has is settled, and the amount has changed hands correctly, the entire conveyance process is complete. The seller has to move out from the property and make it inhabitable for the buyer. The moving out cost may not be huge, but that is something you will incur while selling a house as well.

So, whenever the question comes to the mind that how much it takes to sell a house in Kent, one must consider all the costs. The prime reason behind it is that the seller does not get a refund on most of the fees he is going to encounter. So the sale price has to accommodate your expenses. However, the seller needs to pay off the mortgage and then something should be marked as profit as well.

These costs are what you will encounter in selling the house without the actual sale price for the buyer. These are important to note in Kent because the cost of selling a house may fluctuate. Once you have estimated the price for the selling of the house, then you are ready to go through the entire process step by step.