IfI was to purchase a straightforward propertyin Rayleigh mortgage fee and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Rayleigh?
Any savings you would make would be limited to the costs for searches. Your conveyancer is obliged to do the vast majority of work - money laundering, communicating with your sellers property lawyer, SDLT return, register the ownership etc. You might save a bit for them not needing to register a charge but it will not be a lot.
I own a freehold property in Rayleigh yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Rayleigh and has limited impact for conveyancing in Rayleigh but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Should our lawyer be raising enquiries about flooding as part of the conveyancing in Rayleigh.
Flooding is a growing risk for lawyers dealing with homes in Rayleigh. There are those who acquire a house in Rayleigh, completely expectant that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, however there are a various searches that may be initiated by the buyer or by their solicitors which should give them a better appreciation of the risks in Rayleigh. The standard completed inquiry forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the seller to discover if the property has suffered from flooding. If flooding has previously occurred and is not revealed by the vendor, then a buyer may commence a compensation claim as a result of such an inaccurate response. A purchaser’s solicitors will also conduct an enviro search. This will higlight if there is any known flood risk. If so, further investigations will need to be conducted.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Rayleigh is where the house is located. What do you suggest?
Flying freeholds in Rayleigh are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Rayleigh you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rayleigh may determine 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.
My cousin has encouraged me to use his lawyers for conveyancing in Rayleigh. Do I take his recommendation?
Much as we are happy to recommend a Rayleigh conveyancing lawyer it’s preferable to find a conveyancing practitioner is to have recommendations from friends or family who have actually experience in using the solicitor that you are considering.
I have recently had an offer accepted on an apartment in Rayleigh and the estate agent that we are dealing with recommended his conveyancing practitioner. They quoted nine hundred pounds plus VAT and disbursements. Does this sound expensive?
You should not rely on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Rayleigh. Then choose one that you are comfortable with and just as important, is on the approved list of the bank that you have applied for a mortgage from.