I can't travel far from Brentwood. I would like to know the reason why all Brentwood conveyancing practitioners are not on all bank panels?
Banks point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in mortgage companies pruning less reputable firms from their books of approved property lawyers .
We are about to sign contracts for a freehold house in Brentwood. We have hit a snag. Our loan offer with Coventry Building Society expires on 21/5/2025 but the owners are insisting on a completion date of 23/5/2025. Can one extend the mortgage offer?
The person best placed to address this issue is your lawyer who will assess if they better off negotiating with the lender, seller’s lawyers, selling agents or conceivably all parties given the circumstances your conveyancing as of today.
This question may be naive but I am wet behind the ears as FTB of a garden flat in Brentwood. Do I collect the keys to the house on completion from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Brentwood?
On the day of completion you will not be required to attend the conveyancers office in Brentwood. Your solicitors will arrange to send the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you should be able to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
We were going to get a DIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Brentwood solicitors on the TSB conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Brentwood solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I had an offer accepted on a house in Brentwood on 27/1/2025, valuation was booked five days later, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Are Kent Reliance entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
My wife and I own a renovated Edwardian property in Brentwood. Conveyancing lawyer acted for me and Chelsea Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brentwood and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing lawyer who conducted the conveyancing.
I have been on the look out for a leasehold apartment up to £235,500 and identified one close by in Brentwood I like with a park and transport links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Brentwood for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan that many years may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
How can the Landlord & Tenant Act 1954 affect my commercial property in Brentwood and how can you help?
The particular law that you refer to affords security of tenure to commercial lessees, giving them the dueness to make a request to court for a renewal tenancy and remain in occupation at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Brentwood