Me and my fiance are acquiring an apartment in Rayleigh. My lawyer is not on the bank approved panel. Am I still permitted to retain my Rayleigh conveyancing solicitor even though they are not on the mortgage company panel?
One will need to instruct a property lawyer to complete the formalities if you require a mortgage to buy your property. The conveyancing practitioner will carry out all the necessary due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage paperwork is in order. One could appoint a Rayleigh conveyancer of your choice. However, if the property lawyer selected is not a member of the bank approved list further charges will be levied as separate legal representation will be need by the mortgage company. Bank panel applications can be submitted, so if your conveyancer has not previously sought membership they should take the opportunity to apply.
I am selling our house in Rayleigh and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Rayleigh conveyancer would know this is not the case. It does beg the question why the purchasers are using a national conveyancing practice as opposed to a conveyancing solicitor in Rayleigh. Having lived in Rayleigh for 5 years we know that this is a non issue. Should we contact our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing firm already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The deeds to my home are lost. The lawyers who dealt with the conveyancing in Rayleigh 5 years ago no longer exist. What are my options?
Assuming the title is registered the information relating to your proprietorship will be held by the Land Registry under a Title Number. It is easy to perform a search at the Land Registry, identify your house and secure up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will also normally hold a certified duplicate of the Registered Lease and again, a copy can be obtained for a small fee.
How does conveyancing in Rayleigh differ for new build properties?
Most buyers of new build residence in Rayleigh approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Rayleigh tend to buy the site, 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 Rayleigh or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Rayleigh I like with a park and station in the vicinity, however it only has 51 years on the lease. There is not much else in Rayleigh in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Living abroad I am unable to travel my Rayleigh conveyancing solicitors office to execute documents for conveyancing in Rayleigh – will this be an issue?
No. Rayleigh conveyancing lawyers can undertake conveyancing transactions for clients across the country. You are unlikely to be required to be present a Rayleigh conveyancers office. They can handle everything using post, email, telephone and fax.