I have been told that property searches are the main reason for stalling in Northfleet conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Northfleet.
I used Stirling Law a few years ago for my conveyancing in Northfleet. Now, I need the documents but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Northfleet of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Northfleet differ for newly converted properties?
Most buyers of new build property in Northfleet come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Northfleet 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 Northfleet or who has acted in the same development.
Am I better off to choose a Northfleet conveyancing lawyer who is local to the property I am hoping to buy? An old friend can conduct the legal formalities but his firm is located over three hundred kilometers drive away.
The benefit of a high street Northfleet conveyancing practice is that you can attend the office to sign documents, deliver your ID and apply pressure on them if necessary. Having local Northfleet know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and in the main were content that should surpass using an unfamiliar Northfleet conveyancing solicitor solely due to them being Northfleet based.
Back In 2007, I bought a leasehold house in Northfleet. Conveyancing and Leeds Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Northfleet who previously acted has long since retired. What should I do?
The first thing you should do is contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Northfleet conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a 2 bed flat in Northfleet, conveyancing formalities finalised in 2003. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Northfleet with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2076
With just 51 years left to run the likely cost is going to span between £30,400 and £35,200 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive 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. Please do not move forward based on this information without first getting professional advice.
I pay a maintenance fee for my flat in Northfleet. Due to losing my job and other issues I fell behind with payments. I negotiated a settlement plan but there remains three grand outstanding at the current time.
I want to sell and I am panicking this will hold me back if I have to pay off the amount due now. I'd like to sell up and subsequently pay them back with the proceeds - is this practicable?
The property lawyer dealing with your Northfleet sale should be able to negotiate with the management company, with a new to seeing if they would accept payment from completion monies. This is indicative of why it might be good to select a lawyer in Northfleet as they may well enjoy an established relationship with the management company.