Am I correct in assuming that the fact that my conveyancer in Rochford is not on my mortgage company's conveyancing panel that there is a problem with the standard of his work?
That is more than likely a wrong assumption to make. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Rochford conveyancing firm and ask them why they are no longer on the approved list for your bank.
Do I need to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Rochford so that I can pop in to their offices if necessary.
Nowadays conveyancing panel lawyers for banks undertake the vast majority of communications through the post, e-mail or over the phone. This enables them to carry out the legal work for your home move no matter where you live in England or Wales. Nevertheless you can see if you have the option of going to the offices of your conveyancing lawyer if needed.
My wife and I have a semi-detached Georgian property in Rochford. Conveyancing practitioner acted for me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Rochford and other locations in 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 the conveyancing solicitor who conducted the purchase.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Rochford I like with a park and station nearby, however it only has 49 years on the lease. I can't really find anything else in Rochford suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I am selling my home. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Rochford if that makes things easier.
Do use our search tool to help you find a solicitor for your conveyancing in Rochford. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I’m about to sell my 2 bed apartment in Rochford. Conveyancing is yet to be initiated, but I have just had a half-yearly maintenance charge demand – what should I do?
The sensible thing to do is discharge the maintenance contribution as usual as all rents and service payments will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a basement flat in Rochford, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Rochford with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2088
You have 62 years remaining on your lease the likely cost is going to be between £17,100 and £19,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.