Me and my partner are buying a flat in Thurrock. My Conveyancer is not on the lender conveyancing panel. Can I still continue with my Thurrock conveyancing solicitor even though they are excluded from the lender list of approved lawyers?
You have a couple of alternatives available to you here
- Complete the purchase with your existing Thurrock conveyancing practitioner but your bank will need to instruct a property lawyer on their approved panel. The net result is additional charges and probable frustration.
- Choose a fresh conveyancing practitioner to conduct the conveyancing, obviously checking they are on the mortgage company conveyancing panel.
- Convince your conveyancer to attempt to join the lender panel
The sellers of the house we are hoping to buy have instructed a conveyancing practitioner in Thurrock who has recommended a exclusivity agreement with a deposit of 5k. Is it wise to enter into such agreements?
Exclusivity agreements are agreements binding a home owner and prospective buyer giving the buyer exclusive rights to purchase the property for a certain period of time. For all intents and purposes, an exclusivity is a document stating that you will be issued with a contract at a later time which is the contract for the actual sale. It is generally utilised for buyer protection though in many situations, the seller may stand to benefit from such agreements as well. There are many pros and cons to using them but you should to check with your solicitor but beware that it may end up incurring more in conveyancing fees. For these reasons these agreements are rare when it comes to conveyancing in Thurrock.
The Thurrock conveyancing lawyers that I recently instructed on my house acquisition in Thurrock have suddenly closed. I only went with them because I had to have a lawyer on the Yorkshire BS conveyancing panel and my family Thurrock lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
What can a local search inform me concerning the house my wife and I purchasing in Thurrock?
Thurrock conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as PSG The local search is essential in every Thurrock conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search should supply data on, amongst other things, details on planning applications relevant to the premises (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 thirteen subject areas.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Thurrock is the location of the property. Can you shed any light on this issue?
Flying freeholds in Thurrock are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Thurrock you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thurrock may ascertain 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 property.
I am hoping to purchase a repression flat in Thurrock and the vendor require completion within a week. Do conveyancing practitioners meet that timeframe? Would it be better to select a high street Thurrock firm or an online conveyancer that professes to offer speedy conveyancing?
Attend your Thurrock shopping parade. Go in to a couple of solicitor’s offices and ask to see a conveyancing solicitor for a quote. Explain your situation and seek a commitment on deadlines. Select the one that appears most trustworthy. You need to use a conveyancing practitioner on the panel of conveyancers acceptable to your lender.