It may have been a long time coming a loan offer from HSBC for the refinancing of my single bedroom garden flat is expected any day now. Can you recommend a cheap conveyancing law firm in North Ockendon?
This site is not designed to aid those in pursuit of the lowest fares for conveyancing in North Ockendon. Our goal is to offer affordable conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing organisations teasing you with low cost conveyancing in North Ockendon. Optimistically, in being led by low cost conveyancing, you will get your money’s worth and at worst you will end up being stung for extras and still not get the service you were looking for.
My grandmother passed away last year and as sole heir and executor I was left the house in North Ockendon. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Principality will insist on your using a conveyancer on the Principality conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Principality conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Principality mortgage is registered as a charge at the Land Registry.
The deeds to our house can not be found. The lawyers who did the conveyancing in North Ockendon 4 years ago no longer exist. What are my options?
In today’s world there are copies made of almost everything, and your solicitor should be aware precisely where to locate all the suitable documentation so you can purchase or dispose of your house without any difficulty. Where copies can’t be found, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. North Ockendon is the location of the property. Is there any advice you can impart?
Flying freeholds in North Ockendon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in North Ockendon you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in North Ockendon may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking at a two maisonettes in North Ockendon both have approximately fifty years left on the lease term. Do I need to be concerned?
There is no doubt about it. A leasehold flat in North Ockendon is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the property. For most buyers and banks, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with North Ockendon conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the leaseholder of a a ground floor purpose built flat in North Ockendon. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?
if there is a absentee landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to assess the price.
An example of a Lease Extension matter before the tribunal for a North Ockendon flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The unexpired residue of the current lease was 57.5 years.
I am buying a leasehold flat in North Ockendon. Conveyancing estimates are averaging around £1650. Is that reasonable?
The average cost last year for conveyancing in North Ockendon was just under one thousand five hundred pounds excluding SDLT and HM Land Registry charges.