Having been referred to your service we were about to appoint conveyancing solicitor in Billericay endorsed by you but have come across alternative fee calculations via the web look cheaper – why is this?
There are numerous conveyancers advertising what appear to be cut price. We suggest that you think long and hard as to how important this transaction is to you that you are willing to take 'cheap' risks with regard to the standard of the conveyancing. Some embed fees deep into the terms and conditions. The solicitors that we list for conveyancing in Billericay will notbehave this way.
In the event thatI was to buy a straightforward housein Billericay mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Billericay?
The sole reduction in fees you would achieve is the Billericay conveyancing searches. A lawyer is required to do the vast majority of work - money laundering, correspond with your sellers conveyancer, SDLT return, register the property etc. A marginal saving might be made by not having to register a mortgage but it will not be significant.
Various internet forums that I have frequented warn that are a common cause of obstruction in Billericay house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Billericay.
I have justbecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Billericay for a purchase of a leasehold flat 12 months ago. How can I check that the property is in my name in the name of the previous owner?
The easiest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Billericay conveyancing specialists.
I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have since found out that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Billericay. Conveyancing advisers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Billericay ?
Most houses in Billericay are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Billericay so you should seriously consider shopping around for a Billericay conveyancing practitioner and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’spermission to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the house is part of an estate. Your lawyer will report to you on the legal implications.
Billericay Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
It is important to be aware whether fixing the lift or some other major work is due shortly to be shared amongst the leasehold owners and will dramatically impact the level of the service fees or require a one off payment. You should be aware that where the lease has less than 80 years it will have adverse implications on the marketability of the apartment. Check with your lender that they are content with residual term of the lease. A short lease means that you will probably need a lease extension at some point and it is worth finding out what this will be. For most Billericaylease extensions you would be required to have been the owner of the premises for a couple of years before you are eligible to extend the lease. What is the length of the lease?
I am short of a 10% deposit on my apartment purchase in Billericay , but I am keen exchange. Do I have options?
You can accept a lower deposit. Many property owners will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment