Is the fact that my conveyancer in Grays is not identified on my bank's solicitor panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Grays conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a house in Grays?
Unless a prior purchase of the premises took place after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Grays to continue to propose a a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Grays?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Grays. 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…’
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Grays I like with amenity areas and railway links in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Grays suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years will likely be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Hoping to buy a property located in Grays and I am already nervous. I couldn't find anything specific about Grays. Conveyancing will be needed in due course but do you know about the Grays area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Grays. In the meantime here are some basic statistics that we found
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have since found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Grays. Conveyancing lawyers have are about to be appointed. Will they explain the issues?
The majority of houses in Grays are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can assist with the conveyancing process. We note that you are buying in Grays so you should seriously consider looking for a Grays conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’spermission to conduct alterations. You may also be required to pay a service charge towards the upkeep of the estate where the house is part of an estate. Your lawyer should advise you fully on all the issues.