My wife and I have recently appointed a conveyancing solicitor in Billericay. I I am struggling to find out if they are accepted on the TSB approved list of lawyers. Could you assist?
You should contact the solicitor and ask them if they can act for the lender. Otherwise you can get in touch with TSB who may be able to assist.
Me and my partner are purchasing a property in Billericay. It might be a silly question but how we can trust a conveyancer? On completion day we will need to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I'm the single recipient of my late father’s will and I have everything in my name alone, including the house in Billericay. The Billericay property was put into my name in May. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship could be treated the same way as though I had purchased the house in May. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. Most lenders would take a sensible view as this requirement is primarily there to identify subsales or the flipping of properties.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Billericay conveyancing practitioner on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
Should my solicitor be asking questions about flooding as part of the conveyancing in Billericay.
Flooding is a growing risk for solicitors dealing with homes in Billericay. Plenty of people will buy a house in Billericay, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, but there are a number of checks that can be initiated by the purchaser or by their solicitors which can give them a better appreciation of the risks in Billericay. The conventional set of completed inquiry forms supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the vendor to discover whether the premises has suffered from flooding. If the property has been flooded in past and is not revealed by the vendor, then a buyer may bring a legal claim for losses stemming from an incorrect reply. The purchaser’s lawyers may also carry out an enviro search. This will disclose if there is any known flood risk. If so, additional investigations will need to be initiated.
I moved into my apartment on 13 February and my personal details are still not registered. Need I be worried? My conveyancing solicitor in Billericay expressed confidence that it will be formalised inside ten days. Are titles in Billericay particularly slow to register?
There is nothing unique about conveyancing in Billericay registration formalities. Rather than based on location, timescales can differ subject to the party submitting the application, whether it is in order and if the Land registry communicate with any third persons or bodies. As of today roughly three quarters of submission are fully addressed in less than three weeks but some can be subject to longer delays. Historically registration occurs once the new owner has moved in to the premises so registration formalities is not usually top priority yet if there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
Are there common defects that you see in leases for Billericay properties?
Leasehold conveyancing in Billericay is not unique. All leases are unique and legal mistakes in the legal wording can result in certain sections are wrong. The following missing provisions could result in a defective lease:
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Service charge per centages that don't add up correctly leaving a shortfall Repairing obligations to or maintain parts of the premises
You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Coventry Building Society, and Platform Home Loans Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to withdraw.
Leasehold Conveyancing in Billericay - A selection of Questions you should consider Prior to Purchasing
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Who takes responsibility for maintaining and repairing the building? It would be a good idea to enquire if there is anything that is prohibited in the lease. For instance it is very common in Billericay leases that pets are not allowed in certain buildings in Billericay. If you like the flatin Billericay yet your dog can’t move with you then you will be faced difficult decision. You should be aware if it is no more than eighty years it will impact the value of the property. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and it is worth discovering how much this will be. Remember, in most cases you would be required to have owned the premises for a couple of years in order to be legally able to extend the lease.
Is it true that a Billericay conveyancing practice taken to court by clients for not carrying out the right conveyancing investigations?
Our attention has not be brought to such a Billericay conveyancing matter but according to a recent report, a couple buying a property in Cumbria successfully sued their conveyancing practitioner due to development plans to construct a wind farm failing to be picked up in conveyancing searches.
If you are contemplating buying a home in Billericay It is critical that your conveyancer conduct all Billericay conveyancing searches needed making sure that you have relevant and up to date information before acquiring a property.