I am in a contract race with another buyer for a property in Shoeburyness. What can be done to accelerate the legal process?
In a situation where the seller is applying time constraints for your conveyancing we would recommend that your lawyer is familiar with the location as they will benefit local contacts and knowledge. It is even conceivable that they may have handled otherhouses in the same neighbourhood. Therefore consider using a Shoeburyness conveyancing lawyer. In addition, double check that the lawyer is on the lender panel. It is understood that 18% of Shoeburyness conveyancing transactions are held up or derailed after discovering a buyer’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the legal process being held up by almost 21 days. It is claimed that this issue impacts approximately one hundred thousand home sales annually. Almost all Shoeburyness conveyancing practices can not represent certain lenders so do check at the outset.
We note that you have a post code search directory listing law firms on the Nationwide conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Shoeburyness?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Shoeburyness.
What happens if my solicitor is removed from the Leeds Building Society Solicitor panel ahead of completing my conveyancing in Shoeburyness?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
About to purchase a new build flat in Shoeburyness. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Shoeburyness
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared.
I have been on the look out for a ground for flat up to £305k and found one close by in Shoeburyness I like with open areas and railway links nearby, the downside is that it only has 49 years unexpired 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 acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My uncle has urged me to appoint his conveyancing solicitors in Shoeburyness. Do I take his guidance?
There are no two ways about it the ideal way to find a conveyancing solicitor is to seek guidance from friends or relatives who have previously instructed the solicitor you're are thinking of instructing.