I plan on buying a flat in Laindon. My property lawyer is not listed on the lender solicitor list. Can I still appoint my Laindon conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
Your options include
- Complete the purchase with your preferred Laindon conveyancer but your bank will undoubtedly retain a property lawyer on their approved panel. The net result is additional cost together with probable interruption.
- Choose a fresh property lawyer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Convince your property lawyer to do everything within their powers to get listed on the lender’s conveyancing panel
We just had an offer accepted to purchase with Melton Mowbray Building Society. We have called around locally yet cant to find a Laindon conveyancing firm on the Melton Mowbray Building Society approved list. Can you help?
Please do make the most of the search tool on this page. Please choose the lender and type Laindon or your location and you will see a number of lawyer offices in Laindon or near you.
Various internet forums that I have come across warn that are the number one cause of delay in Laindon conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in Laindon.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who did the conveyancing in Laindon 10 years ago are no longer around. What are my next steps?
You no longer need to have the physical deeds to establish that you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
I have been on the look out for a flat up to £235,500 and found one close by in Laindon I like with a park and railway links nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Laindon for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan that many years may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can request that they start the process of the extension 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 solicitor regarding this.
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have subsequently been informed that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Laindon. Conveyancing solicitors have are about to be appointed. Will they explain the issues?
Most houses in Laindon 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 clear that you are purchasing in Laindon in which case you should be looking for a Laindon conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’sconsent to conduct alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your solicitor should advise you fully on all the issues.
I inherited a 1st floor flat in Laindon, conveyancing having been completed 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Laindon with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease expires on 21st October 2094
With 70 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.