I am acquiring a house without a mortgage in Southend On Sea. I have resided for the previous dozen years in Southend On Sea. Conveyancing searches are exorbitant. Given that I have knowledge of the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then all but one or two of the Southend On Sea conveyancing searches are non-obligatory. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches done, but he is duty bound to do this. Do bear in mind; if you are likely to sell the house one day, it could be of relevance to your prospective buyer what the searches disclose. Sometimes houses with day to day issues can still throw up negative search results. A good conveyancing solicitor in Southend On Sea will be able to give you some sensible guidance here.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to instruct a high street conveyancing solicitor in Southend On Sea?
Do check but the chances are that give you one of their panel conveyancers if you accept the "fee-free" incentive. Call the lender to determine if they offer you a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Southend On Sea.
Me and my brother own a 4 bedroom Victorian property in Southend On Sea. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Southend On Sea and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing practitioner who completed the work.
How does conveyancing in Southend On Sea differ for newly converted properties?
Most buyers of new build residence in Southend On Sea contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Southend On Sea tend to buy the site, 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 property lawyers 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 accustomed to new build conveyancing in Southend On Sea or who has acted in the same development.
My partner has urged me to use his lawyers for conveyancing in Southend On Sea. Do I take his advice?
Much as we are happy to recommend a Southend On Sea conveyancing lawyer the best way to choose a conveyancing practitioner is to get feedback from friends or relatives who have actually used the firm that you are considering.
I am intending to rent out my leasehold flat in Southend On Sea. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Your lease dictates the relationship between the landlord and you the flat owner; specifically, it will set out if subletting is banned, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Southend On Sea do not prevent subletting altogether – such a provision would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
I bought a garden flat in Southend On Sea, conveyancing was carried out July 2000. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Southend On Sea with an extended lease are worth £197,000. The ground rent is £55 per annum. The lease expires on 21st October 2081
With only 55 years unexpired we estimate the price of your lease extension to span between £31,400 and £36,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.