Can I be sure that the Chadwell Heath conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Chadwell Heath obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor conducting your transaction.
I currently have a mortgage with Virgin Money for my property in Chadwell Heath. Conveyancing has been completed 12 months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Virgin Money?
You must advise Virgin Money before letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will allow you to rent 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 Virgin Money directly. You need not do this via a Virgin Money conveyancing panel firm.
I have instructed a Chadwell Heath conveyancer having checked that they are on the Lloyds conveyancing panel. Does my lawyer arrange the survey of the property?
Lloyds will need an independent valuation of the property. Your lawyer will not arrange this. Usually Lloyds will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Chadwell Heath surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Are there restrictive covenants that are commonly identified during conveyancing in Chadwell Heath?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Chadwell Heath. 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 Chadwell Heath differ for newly converted properties?
Most buyers of new build or newly converted property in Chadwell Heath come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Chadwell Heath usually buy the land, 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 conveyancing solicitors 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 Chadwell Heath or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Chadwell Heath I like with a park and transport links in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in Chadwell Heath for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage that many years will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
How do I identify a Chadwell Heath law firm on the Aldermore conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the lawyer.
You can use the facility on this page. Please select a mortgage company and your location and you will see a number of Chadwell Heath conveyancing lawyers based on proximity. We have listed some Chadwell Heath conveyancing firms towards the end of this page and you can ring them to check if they are on the Aldermore panel
Is it best to use a Chadwell Heath conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can conduct the conveyancing but her office is approximately 350kilometers drive away.
The benefit of a local Chadwell Heath conveyancing firm is that you can drop in to sign documents, deliver your ID and pester them if necessary. They will also have local intelligence which is a bonus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and they were impressed that must outweigh using an unfamiliar Chadwell Heath conveyancing lawyer just because they are based in the area.