I am about to exchange on the purchase of a house in Billericay but as a result of damage from the recent storms I have was able negotiate reparation from the seller of £3k taking the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract but Leeds Building Society will not permit this. Why were they notified?
The lawyer that is on the Leeds Building Society approved list is obliged to advise Leeds Building Society of any changes to the purchase price. If you were to refuse your lawyer to disclose the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancer for your conveyancing in Billericay.
I need some quick conveyancing in Billericay as I am under a deadline to sign on the dotted line inside 2 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to have searches conducted although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Billericay the following are examples of issues that can crop up and adversely affect market value: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
I purchased a semi-detached Victorian property in Billericay. Conveyancing practitioner acted for me and Halifax. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the exact same property. Is it worth asking Halifax to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Billericay and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing lawyer who carried out the work.
How does conveyancing in Billericay differ for new build properties?
Most buyers of new build residence in Billericay approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because builders in Billericay typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Billericay or who has acted in the same development.
Should I choose a Billericay conveyancing solicitor who is local to the property I am purchasing? We have a good friend who can conduct the conveyancing but her office is 200kilometers away.
The benefit of a local Billericay conveyancing firm is that you can drop in to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. Having local Billericay know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that must outweigh using an unfamiliar Billericay conveyancing solicitor solely due to them being Billericay based.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently been informed that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Billericay. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Billericay ?
Most houses in Billericay are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Billericay in which case you should be shopping around for a Billericay conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the landlord’spermission to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer will appraise you on the various issues.
Billericay Leasehold Conveyancing - Sample of Queries before buying
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Who takes responsibility for maintaining and repairing the building? How much is the annual maintenance fee and ground rent?