My house in Grays is up for sale and I have accepted an offer. Will my lawyer have to be required to be on the Principality conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
Are there restrictive covenants that are commonly picked up during 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 flat up to £235,500 and found one close by in Grays I like with amenity areas and transport links in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Grays for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan that many years will likely be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I was pointed in your direction by a couple of local selling agents in Grays to locate a solicitor on your site. Is there a financial inducement for Estate Agents to promote your services ahead of alternative conveyancing organisations?
We refuse to offer any commission for pointing buyers and sellers in our direction. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Grays. I happened to stumble upon a site which seems to have the ideal offering If it is possible to get all the legals completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do online conveyancing organisations do everything a high street Grays solicitor does or do I still need to use a solicitor for the final stages for my conveyancing in Grays?
If you choose an online conveyancer they should undertake all the things your Grays solicitor will cover.