It is is a decade since I acquired my home in Laindon. Conveyancing lawyers have now been appointed on the sale but I am unable to track down the title documents. Will this cause complications?
Don’t worry too much. First the deeds may be retained by your mortgage company or they could be in the possession of the solicitor who handled your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Nearly all conveyancing in Laindon involves registered property but in the rare situation where your property is unregistered it is more tricky but is resolvable.
I am looking to buy a house and need a conveyancing solicitor in Laindon who is on the Norwich and Peterborough Building Society solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Norwich and Peterborough Building Society in certain locations such as Laindon. We dont recommend any particular firm.
What can a local search reveal about the house I am buying in Laindon?
Laindon conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search plays a central part in many a Laindon conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Are there restrictive covenants that are commonly identified as part of conveyancing in Laindon?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Laindon. 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…’
I'm buying a new build house in Laindon with a mortgage from Barnsley Building Society. The sellers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not to tell my conveyancer about this deal as it will adversely affect my mortgage with Barnsley Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Are there common deficiencies that you encounter in leases for Laindon properties?
There is nothing unique about leasehold conveyancing in Laindon. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building A provision for the recovery of money spent for the benefit of another party.
A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Chelsea Building Society, and Bank of Ireland all have very detailed conveyancing instructions 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 pull out.
I purchased a studio flat in Laindon, conveyancing having been completed in 1998. How much will my lease extension cost? Similar properties in Laindon with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease terminates on 21st October 2086
With only 64 years remaining on your lease we estimate the price of your lease extension to be between £14,300 and £16,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.