Last June we completed a house move in Thurrock. We have noticed several issues with the house which we suspect were missed in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been conducted for conveyancing in Thurrock?
The question is vague as to the nature of the problems and if they are unique to conveyancing in Thurrock. Conveyancing searches and investigations initiated as part of the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, the vendor fills in a document known as a Seller’s Property Information Form. If the information provided is misleading, you may have a misrepresentation claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Thurrock.
My lender has suggested solicitors on their panel based in Thurrock but I would rather use a conveyancing lawyer in Thurrock or nearer to where I live. Can you help?
The minority of Thurrock conveyancing practices are on all banks conveyancing panel. Use the above search tool to choose a Thurrock conveyancing solicitor on the on the lender panel.
Are there restrictive covenants that are commonly identified during conveyancing in Thurrock?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Thurrock. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Thurrock differ for new build properties?
Most buyers of new build residence in Thurrock come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because house builders in Thurrock 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 used to new build conveyancing in Thurrock or who has acted in the same development.
Are there any apps to help identify a Thurrock solicitor on the Nottingham Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 25miles to meet the lawyer.
You can use the tool on this page. Please pick a mortgage company and your location and you will see a number of Thurrock conveyancing lawyers locally. We have listed some Thurrock conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Nottingham Building Society panel
I am attracted to a couple of apartments in Thurrock both have approximately 50 years remaining on the lease term. Will this present a problem?
There are no two ways about it. A leasehold flat in Thurrock is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the salability of the premises. The majority of purchasers and mortgage companies, leases with under eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Thurrock conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Thurrock Leasehold Conveyancing - Examples of Queries Prior to buying
-
This question is useful as a) areas could result in problems in the building as the communal areas may start to deteriorate if maintenance remain unpaid b) if the tenants have an issue with the running of the building you will wish to have full disclosure It would be a good idea to investigate if there are any onerous restrictions in the lease. For example plenty of leases prohibit pets being permitted in in a block in Thurrock. If you love the apartmentin Thurrock yet your dog is not allowed to move with you then you will be faced difficult determination.