Can the conveyancing lawyers identified via your search tool conduct attended exchange conveyancing in South Ockendon?
There are a few conveyancing specialists carrying out 24hr exchanges. You should contact us to obtain a conveyancing quote and details as to dates.
I happen to be the only beneficiary of my late father’s will with all property in now in my sole name, including the my former home in South Ockendon. The South Ockendon property was put into my name in May. I plan to dispose of the house. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the property in May. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. Some banks would take a sensible view as this requirement is chiefly there to identify the purchase and immediately sell or the wholesaling and assigning of property.
I have decided to exercise my right to buy my property in South Ockendon off the council. I have a mortgage offer with Coventry BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in South Ockendon is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will our conveyancer be raising questions regarding flooding during the conveyancing in South Ockendon.
The risk of flooding is if increasing concern for solicitors dealing with homes in South Ockendon. Plenty of people will acquire a house in South Ockendon, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, but there are a various checks that may be undertaken by the buyer or by their conveyancers which should figure out the risks in South Ockendon. The conventional set of property information forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the vendor to discover if the property has suffered from flooding. In the event that flooding has previously occurred which is not notified by the vendor, then a buyer may issue a claim for damages as a result of such an misleading reply. The buyer’s lawyers will also commission an enviro report. This will disclose if there is a recorded flood risk. If so, additional inquiries will need to be initiated.
three months have elapsed following my purchase conveyancing in South Ockendon took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build flat in South Ockendon. 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in South Ockendon
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Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey carried out on a property in South Ockendon in advance of appointing conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some lenders will refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Ockendon. Conveyancing will be smoother if you use a solicitor in South Ockendon especially if they are accustomed to such properties in South Ockendon.