Please could you vouch for a Alliance & Leicester allowed South Ockendon conveyancing solicitor finish our home move within less than a month? Am I best advised to choose a local South Ockendon practice or a web based firm?
We would be happy to suggest some excellent South Ockendon conveyancing firms. Another option is to visit the main road in South Ockendon. Approach two or three firms and request to speak with a conveyancing solicitor for a fee estimate. Explain your deadline together with your reasons and get a commitment on your deadline. Appoint the one that genuine.
I purchased a freehold residence in South Ockendon but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in South Ockendon and has limited impact for conveyancing in South Ockendon but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I have justbeen informed that Stirling Law have been shut down. They carried out my conveyancing in South Ockendon for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The quickest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of South Ockendon conveyancing specialists.
How does conveyancing in South Ockendon differ for newly converted properties?
Most buyers of new build premises in South Ockendon contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in South Ockendon typically buy the real estate, 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 conveyancing solicitors 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 South Ockendon or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in South Ockendon ahead of instructing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks tend refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist 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 familiar with such properties in South Ockendon.
I am a negotiator for a long established estate agency in South Ockendon where we see a few leasehold sales derailed as a result of short leases. I have received inconsistent advice from local South Ockendon conveyancing solicitors. Could you clarify whether the owner of a flat can commence the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Having spent months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in South Ockendon. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a South Ockendon conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a South Ockendon residence is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.