My brother-in-law has suggested I instruct a conveyancing solicitor in Snaresbrook. I I am struggling to find out if they are accepted on the Virgin Money approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing to do is e-mail the solicitor and ask them whether they can act for the lender. Otherwise you can get in touch with Virgin Money who may be able to assist.
What will a local search inform me concerning the house we're purchasing in Snaresbrook?
Snaresbrook conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search plays an important part in many a Snaresbrook conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
The deeds to our property can not be found. The conveyancers who conducted the conveyancing in Snaresbrook 5 years ago have long since closed. What do I do?
You no longer need to have the physical official documentation to prove you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Snaresbrook is the location of the property. Is there any advice you can give?
Flying freeholds in Snaresbrook are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Snaresbrook you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Snaresbrook may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are novice buyers - agreed a price, yet the property agent informed us that the vendor will only move forward if we appoint their recommended lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Snaresbrook
It is highly unlikely the vendors are behind this. If they desire ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you are going to use your preferred Snaresbrook conveyancing lawyers - as opposed tothe ones that will earn the estate agent a commission or hit his conveyancing thresholds pre-set by HQ.
I own a leasehold flat in Snaresbrook. Conveyancing was completed in 2011. I have read on numerous advice forums that I mustn’t allow the lease length get too short. Why is that a problem?
Snaresbrook leasehold properties are for a fixed term - usually ninety nine years when they started. However a significant flats in Snaresbrook were built or converted 35 or more years ago and so these leases now have less than 80 years unexpired. That may sound like a long time but Banks, Building Societies and other mortgage institutions tend to need leases to have at least 75 years unexpired to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To maximise the saleability of your property you should be thinking about whether or not to extend your lease well in advance of selling the property. There are also significant benefits to doing so before the lease reaches even eighty years as when the lease is less than eighty years the amount you have to pay to extend starts to escalate.