Our Shoeburyness lawyer has identified an inconsistency between the assumptions in the valuation report and what is in the title deeds. My solicitor says that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s approach legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
This question may be naive but I am unseasoned as a first time purchaser of a garden flat in Shoeburyness. Do I receive the keys to the premises on the completion date from my solicitor? If so, I will use a local conveyancing solicitor in Shoeburyness?
On the day of completion you do not need to attend the conveyancers office in Shoeburyness. Conveyancing lawyers for you will transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you should be able to receive the keys from the Estate Agents and start moving into the property. Usually this happens early afternoon.
A friend informed me that in purchasing a property in Shoeburyness there could be a number of restrictions prohibiting external alterations to a property. Is this right?
We are aware of anumerous of properties in Shoeburyness which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Shoeburyness should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm in the process of looking at flats in Shoeburyness and I am about to put in an offer. Should I already have a conveyancer appointed at this stage? I will be getting a mortgage with Lloyds.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are seeking a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
I require quick conveyancing in Shoeburyness as I am under an ultimatum to complete within 3 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are not getting a home loan you are at liberty not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Shoeburyness the following are instances of what can be revealed and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
How does conveyancing in Shoeburyness differ for new build properties?
Most buyers of new build property in Shoeburyness come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because builders in Shoeburyness tend to acquire 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 property lawyers 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 used to new build conveyancing in Shoeburyness or who has acted in the same development.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Shoeburyness I like with amenity areas and station nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Shoeburyness for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
My partner and I have today had a bid accepted on our first house in Shoeburyness, and are about to get solicitors appointed. I have used the numerous rating based websites and the fee estimates are from all over the England and Wales. Is it critical to have a Shoeburyness conveyancer local to our potential house? I am happy to do everything electronically, but I assume at some stage we may be required to attend the lawyer's office to sign papers?
The property lawyer does not need to be in Shoeburyness, but opting for local means that you can visit their offices if needed, for instance, if a signature is needed urgently. Also, a Shoeburyness solicitor is likely to be familiar with local agents and (if the vendor has instructed a local property lawyer) with them, which will help keep things moving faster.