I am need of leasehold conveyancing for an apartment in a fairly new development (seven years built) in Hockley. Almost all the flats are already occupied. Is it really necessary to order neighbourhood searches as part of conveyancing in Hockley?
You are putting yourself at risk in not carrying out Hockley conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would seriously advise in the strongest possible terms that you have them. If speed and cost are primary concerns you should consider with your solicitor about the viability of search insurance
We are planning to buy with Norwich and Peterborough Building Society. I went into a few high street practices but am unable to find a Hockley conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Please do make the most of the search tool on this page. Pick the building society and type Hockley or your preferred area and you will be presented with a number of lawyer located in Hockley or near you.
A relative recommended that if I am purchasing in Hockley I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Hockley conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Hockley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hockley Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Hockley.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who conducted the conveyancing in Hockley 10 years ago no longer exist. What do I do?
You no longer need to hold title deeds to evidence that you are the registered proprietor of land or property, as the Land Registry hold details of all registered land or property electronically.
What tools are available to search for a Hockley solicitor on the Barclays Direct conveyancing panel? I am a keen cyclist and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the facility on this page. Please choose the lender and your location and you will see a number of Hockley conveyancing lawyers locally. We have detailed some Hockley conveyancing firms at the bottom of this page and you can telephone them to verify whether they are on the Barclays Direct approved list
In relation to leasehold conveyancing in Hockley what are the most frequent lease problems?
Leasehold conveyancing in Hockley is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are wrong. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain elements of the property A duty to insure the building
You could encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Skipton Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to pull out.
I own a studio flat in Hockley, conveyancing formalities finalised 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Hockley with over 90 years remaining are worth £190,000. The ground rent is £65 levied per year. The lease terminates on 21st October 2086
With 61 years remaining on your lease the likely cost is going to be between £19,000 and £22,000 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.