At long last a mortgage agreement from Santander for the refinancing of my 4 room apartment is due within the next few days. Are you able to put forward a low cost conveyancing lawyer in Rainham?
This site is not designed to help those in their quest for a cheap conveyancing in Rainham. We can offer you affordable conveyancing but we do not aim to advertise as being the cheapest. Do not be swayed by brokers offering the bait of £99 conveyancing in Rainham. Optimistically, in being led by low cost conveyancing, you will get your money’s worth and at worst you will end up with a surprising uplift in extras and still not end up with the service you were hoping for.
My husband and I changing mortgage lender for our flat in Rainham with Virgin Money. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this form unique to the Virgin Money conveyancing panel as he never had to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Virgin Money conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Virgin Money. This is solely used to protect Virgin Money if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Virgin Money had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
How does conveyancing in Rainham differ for newly converted properties?
Most buyers of new build premises in Rainham approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Rainham usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Rainham or who has acted in the same development.
My husband and I are 3 weeks into a residential purchase having been directed to solicitors by the selling agent to carry out the conveyancing in Rainham. I am not happy. Could you help me find new conveyancers?
A solicitor would need to be very poor in order to consider replacing them. Has your mortgage been issued? If so you must make them aware of the replacement conveyancer and have the mortgage documents are issued to the new lawyers. The conveyancer should be on the banks panel to avoid escalating costs and delays. That should be your starting point. The search tool can assist you in finding a lender approved solicitor for your conveyancing in Rainham
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 just found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Rainham. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Rainham ?
Most houses in Rainham are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are buying in Rainham so you should seriously consider shopping around for a Rainham conveyancing solicitor and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’sconsent to conduct changes to the property. 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.
We have reached the end of our tether in trying to purchase the freehold in Rainham. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to assess the amount due.
An example of a Lease Extension case for a Rainham premises 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 related to 1 flat. The unexpired residue of the current lease was 57.5 years.
I am hoping to sell my parking space which is on a separate legal title at HMLR asking for 22k, to clear debts. There is a mortgage with RBS. Is it possible for you to suggest a cheapish solicitor as the standard £500-600 eats in the return somewhat. Although I live in Rainham I dont need to use a Rainham lawyer.
The purpose of this site is limited to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for RBS in certain areas such as Rainham . Our intention is not to recommend any particular property lawyer.