I had intended to instruct a conveyancing solicitor in Billericay for our house move. Our broker informed us that our bank Chelsea Building Society won't deal with them. Why is this not regarded as unduly restrictive?
Lenders in the main restrict either the type or the volume of conveyancing solicitors on their approved list of lawyers. Typical examples of such criteria being that a law practice must have two or more partners. In addition to restricting the profile of firm, a few lenders have decided to limit the number of solicitor practices they allow to represent them. You should note that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels a few years ago even though there are mixed opinions regarding the extent of solicitor engagement in some of that fraud. Figures from the Land Registry reveal that thousands of law firms, including some in or near Billericay only conduct one or two conveyances a year.
We are due to move property in December. Will my conveyancing solicitor update the removal company on the day of completion. As an aside, can you put forward a removal company in Billericay. Conveyancing firm was chosen before I stumbled across this website.
On the afternoon of completion you will need to pick up the house keys from the selling agent however this can only occur once the previous owners lawyers advise the agent that they have the completion monies and the keys can be released. After that you will need to inform the removal men that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in finding a conveyancing in Billericay or a lawyer with expertise in conveyancing in Billericay.
I currently have a mortgage with TSB for my property in Billericay. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?
Your original mortgage agreement with TSB will provide that you need their approval prior to renting your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. You need not do this via a TSB conveyancing panel solicitor.
At last I have had an offer on a flat in Billericay accepted, but there is a chain. The vendors have placed an offer on a flat, but it’s not yet tied up, and have viewings of other flats in the pipeline. I have instructed a local conveyancing solicitor in Billericay. What should be my next step? When should I get the mortgage application with Yorkshire BS started?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is in the region of one thousand pounds, then valuation, Billericay conveyancing search charges, etc). The first thing to do is ensure that your property lawyer is on the Yorkshire BS approved list. As to the next phase this very much depends on the specifics of your case, desire for the property and on the state of the market. In a buoyant market the majority of purchasers will apply for the mortgage with Yorkshire BS and arrange for the valuation and only if it comes back ok would they ask their conveyancer to press on with searches.
Despite weeks of looking the Title Certificate and documents to my home are lost. The conveyancers who conducted the conveyancing in Billericay 5 years ago have long since closed. What are my next steps?
In today’s world there are copies made of almost everything, and your lawyer will know precisely where to locate all the suitable paperwork so you can purchase or sell your property without a hitch. Where duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities against possible claims on your property.
How do I use your search tool to find a conveyancing lawyer in Billericay on the panel for my lender?
First choose a mortgage company such as HSBC Bank, Virgin Money or Platform Home Loans Ltd then choose your location a common one being Billericay. Conveyancing firms in Billericay and across England and Wales should be listed.
Can you provide any top tips for leasehold conveyancing in Billericay from the perspective of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Billericay can be avoided where you instruct lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the purchasers’ lawyers. In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Billericay state that internal structural changes or installing wooden flooring calls for a licence from the Landlord acquiescing to such changes. If you dont have the paperwork to hand you should not communicate with the landlord without checking with your solicitor before hand. Many landlords or Management Companies in Billericay charge for providing management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Billericay. If you have the benefit of shareholding in the Management Company, you should ensure that you hold the original share document. Organising a duplicate share certificate is often a lengthy formality and delays many a Billericay conveyancing deal. If a duplicate share certificate is required, you should approach the company director and secretary or managing agents (if relevant) for this at the earliest opportunity. Some Billericay leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.
I am the registered owner of a 1st floor flat in Billericay, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Billericay with over 90 years remaining are worth £216,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2092
With only 68 years left to run the likely cost is going to be between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
I require the services of a bank panel solicitor in Billericay. Can you assist?
Unfortunately it’s not apparent why you need a Billericay panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Billericay are on their panel . If you do find such a firm in Billericay not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site