Is the fact that my conveyancer in Rochford is not on my lender's conveyancing panel that there is a problem with the quality of his conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume 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. Should you be 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 attend the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Rochford so that I can pop in to their offices if required.
As opposed to ten years ago, the vast majority mortgage companies no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to supply identification documents and there are still manifest benefits to instructing a locally based ayer, in your situation a conveyancing solicitor in Rochford.
Me and my brother have a renovated Victorian property in Rochford. Conveyancing lawyer acted for me and Accord Mortgages Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the matching property. Is it worth asking Accord Mortgages Ltd to clarify?
You should review 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 remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing solicitor who conducted the conveyancing.
I have been on the look out for a flat up to £195,000 and identified one close by in Rochford I like with a park and railway links in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Rochford for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the shortness of the lease will be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I am looking to sell my property. My previous conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Rochford if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Rochford. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I have just appointed agents to market my 2 bed flat in Rochford. Conveyancing has not commenced, but I have just had a yearly maintenance charge invoice – what should I do?
It best that you pay the service charge as normal as all rents and service payments will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment 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. This will smooth the conveyancing process.
I invested in buying a garden flat in Rochford, conveyancing was carried out 10 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? Equivalent properties in Rochford with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 2088
You have 62 years left to run we estimate the price of your lease extension to span between £17,100 and £19,800 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.