Me and my wife are purchasing a flat in Shoeburyness. My property lawyer is not listed on the bank approved panel. Can I still continue with my Shoeburyness conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel of approved conveyancing solicitors?
Your options include
- Carry on with your preferred Shoeburyness conveyancing practitioner but your mortgage company will undoubtedly use a lawyer from their approved panel. The net result is additional cost together with likely delay.
- Choose a new conveyancing practitioner to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Convince your solicitor to pull out all the stops to get accepted on the lender’s panel of solicitors
I require conveyancing for an apartment in a fairly new development (seven years built) in Shoeburyness. Almost all the properties have already been occupied. Do I need carry out the local searches as part of conveyancing in Shoeburyness?
You are opening yourself up to an unnecessary risk in failing carrying out Shoeburyness 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 without a mortgage there is no legal necessity to have them, but we would absolutely advise in the strongest possible terms that you have them. If timings and cost are top of your concerns you should consider with your conveyancer about the possibility of search insurance
Will my solicitor be raising questions about flooding during the conveyancing in Shoeburyness.
The risk of flooding is if increasing concern for solicitors dealing with homes in Shoeburyness. There are those who purchase a house in Shoeburyness, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, but there are a numerous searches that may be undertaken by the purchaser or on a buyer’s behalf which will figure out the risks in Shoeburyness. The conventional set of information supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to discover whether the premises has suffered from flooding. If the property has been flooded in past and is not revealed by the seller, then a buyer could bring a claim for damages stemming from an incorrect reply. A buyer’s solicitors may also carry out an enviro report. This should indicate whether there is any known flood risk. If so, additional investigations will need to be made.
About to purchase a new build flat in Shoeburyness. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Shoeburyness
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Shoeburyness I like with open areas and transport links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Shoeburyness in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
How do I identify cost effective conveyancing in Shoeburyness?
Option 1 is to ask the people you trust who they would recommend. Option 2 is to look on the web for conveyancing in Shoeburyness. Phone two or three from the list and ask them to send you their conveyancing charges and discuss your needs with the solicitor who will handle your conveyancing before you make your decision. Third is to make use of our search tool to help you find the right lawyers taking into account your unique factors including location,speed, complexity and who the proposed lender is.Do not be fooled by lowest cost conveyancing solicitors in Shoeburyness