When does exchange of contracts occur in residential conveyancing in Thurrock and am I required to be at the lawyers branch?
If you are local to our conveyancing solicitors in Thurrock you are invited in to sign contracts. However, the law practices we recommend supply a national conveyancing service and give as equally detailed and professional a job for you when communicating with you by post or email. The executing of the property agreement is not the point of no return. A signed contract simply enables the conveyancer to exchange contracts at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Thurrock)to be in the office at the appropriate time.
My grandmother passed away 10 months ago and as sole heir and executor I was left the property in Thurrock. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
If you plan to refinance then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
My colleague recommended that where I am buying in Thurrock I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Thurrock conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Thurrock around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Thurrock.
How does conveyancing in Thurrock differ for new build properties?
Most buyers of new build or newly converted property in Thurrock approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Thurrock usually purchase 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 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 Thurrock or who has acted in the same development.
I need to instruct a conveyancing lawyer in Thurrock for my remortgage. Can I see a firm’s complaints history with the legal regulator?
You can find documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.
If all goes to plan we aim to complete the disposal of our £425,000 garden flat in Thurrock in 10 days. The freeholder has quoted £348 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Thurrock?
Thurrock conveyancing on leasehold flats usually results in administration charges invoiced by managing agents :
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Completing pre-contract enquiries
Where consent is required before sale in Thurrock
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Thurrock - Sample of Questions you should ask Prior to buying
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What is the yearly service fee and ground rent? Are any of leasehold owners in arrears of their service charge payments? Where a Thurrock lease has less than eighty years it will have adverse implications on the value of the flat. It is worth checking with your mortgage company that they are happy with remaining years on the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you will need to own the residence for 24 months in order to be legally able to exercise a lease extension.