As a novice what is the most important number one tip you can impart concerning purchase conveyancing in Benfleet?
You may not hear this from too many lawyers but conveyancing in Benfleet or throughout Essex is often a confrontational process. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and other parties involved in the legal transfer of property. E.g., the seller, selling agent and even potentially a bank. Choosing a law firm for your conveyancing in Benfleet an important selection as your conveyancer is your adviser, and is the ONE person in the process whose responsibility is to protect your best interests and to keep you safe.
Sometimes a third party with a vested interest will attempt to sway you that you should follow their advice. For instance, the estate agent may claim to be helping by claiming that your conveyancer is wrong. Or your financial adviser may tell you to do something that is contrary to your solicitors guidance. You should always trust your lawyer above all other parties in the home moving process.
It has been four months following my purchase conveyancing in Benfleet completed. I have checked the Land Registry website which shows that I paid £200,000 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 am purchasing my first flat in Benfleet with a mortgage from Barclays Direct. The developers would not move on the price so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my conveyancer about this side-deal as it will jeopardize my loan with the lender. Is this normal?.
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.
I have been recommended by a few selling agents in Benfleet to choose a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to promote your lawyers ahead of another?
We don’t make any commission for directing people to this site. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My step-father has suggested that I appoint his conveyancing solicitors in Benfleet. Should I choose my own solicitor?
There are no two ways about it the best way to choose a conveyancing lawyer is to get recommendations from friends or family who have actually used the firm you're considering.
My wife and I purchased a leasehold flat in Benfleet. Conveyancing and Barclays Direct 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 Benfleet who acted for me is not around. Do I pay?
First contact the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Benfleet conveyancing firm to do this as it can be done on-line for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a basement flat in Benfleet, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Benfleet with an extended lease are worth £175,000. The ground rent is £65 per annum. The lease terminates on 21st October 2083
With 58 years left to run we estimate the price of your lease extension to range between £23,800 and £27,400 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.