My best friend’s mother is a property lawyer. I anticipate that I can be offered preferential fee for conveyancing, However if that does not come through, what level of fees would I typically be looking at for conveyancing in Southend On Sea?
It’s sensible to obtain 3 or more like-for-like conveyancing estimates. Do use our search tool on this site. Whilst charges will contrast greatly but the service one can expect differ between law firms as is true with most professions.
What does my ID and proof of funds have anything to do with my conveyancing in Southend On Sea? What am I being asked for?
In order to comply with Money Laundering Regulations any Southend On Sea conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, conveyancers are obliged by law to validate not only the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to inform the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My mortgage company has recommended solicitors on their panel based in Southend On Sea but I would rather instruct a conveyancing lawyer in Southend On Sea local to me. Can you assist?
The minority of Southend On Sea conveyancing firms are listed all banks conveyancing panel. Do make use of our search tool to find a Southend On Sea conveyancing conveyancer on the on the lender panel.
Will my conveyancer be raising questions concerning flooding as part of the conveyancing in Southend On Sea.
Flooding is a growing risk for conveyancers conducting conveyancing in Southend On Sea. There are those who purchase a property in Southend On Sea, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, however there are a numerous checks that can be carried out by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Southend On Sea. The standard completed inquiry forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the vendor to discover if the property has historically flooded. In the event that flooding has previously occurred which is not notified by the vendor, then a buyer may commence a claim for damages as a result of such an incorrect reply. A purchaser’s solicitors will also commission an environmental search. This should disclose whether there is any known flood risk. If so, additional inquiries should be conducted.
I own a leasehold house in Southend On Sea. Conveyancing and Coventry Building Society mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Southend On Sea who previously acted has long since retired. What should I do?
First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Southend On Sea conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a 1st floor flat in Southend On Sea, conveyancing was carried out February 1998. How much will my lease extension cost? Equivalent properties in Southend On Sea with an extended lease are worth £191,000. The ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2079
With only 54 years remaining on your lease the likely cost is going to range between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
I pay a service charge for my property in Southend On Sea. Due to losing my job and personal issues I slipped into arrears with remittance. I negotiated a payment schedule but there remains three grand outstanding at the current time.
I want to sell and I am worried this can hold me back if I have to pay off the amount due in advance. Do I have to settle before - is this practicable?
It would be wise to speak with the conveyancing practitioner conducting your Southend On Sea conveyancing but one option could be to arrange for the debt to be attributed to the purchasers. The final price payable would be adjusted to reflect the amount of debt they take on. They would then discharge the fees once they are the owners.