Having been told to check out your company we were about to go ahead with a conveyancing solicitor in Essex endorsed by you but have come across alternative costs illustrations on the internet look cheaper – how come?
There are hundreds of conveyancing companies offering theoretically looks to be cut price. We would urge you to give due consideration about how important this transaction is to you that want to take 'cheap' risks over the standard of the legal work. Some embed fees deep into the terms of engagement. The conveyancers that we list for conveyancing in Essex neverbehave this way.
Can the conveyancing lawyers identified through your search tool execute auction conveyancing in Essex?
We know of a few auction lawyers we can put you in touch with those conducting auction conveyancing. Essex is one of our areas of in which our lawyers have offices.
As someone not used to conveyancing in Essex what is the number one tip you can impart for the home moving process in Essex
You may not hear this from too many lawyers but conveyancing in Essex or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the transaction. For example, the seller, estate agent and even potentially a mortgage company. Choosing a law firm for your conveyancing in Essex is a critical decision as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to look after your best interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you should always trust your conveyancer ahead of all other players when it comes to the legal transfer of property.
Please explain the implications if my lawyer’s firm is expelled from the Nationwide Solicitor panel ahead of completing my conveyancing in Essex?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
How does conveyancing in Essex differ for new build properties?
Most buyers of new build or newly converted property in Essex approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Essex typically acquire the real estate, 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 Essex or who has acted in the same development.
Can you offer any advice when it comes to finding a Essex conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a Essex conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Essex conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
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Can they put you in touch with clients in Essex who can give a testimonial? How familiar is the firm with lease extension legislation?
I invested in buying a basement flat in Essex, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Essex with over 90 years remaining are worth £165,000. The ground rent is £50 invoiced annually. The lease terminates on 21st October 2102
With only 78 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.