We are purchasing our first home. The property lawyer has calledto ask if we would like to order supplemental conveyancing searches. As novices we are clueless as to what's needed for conveyancing in Rayleigh
The extent of Rayleigh conveyancing searches depends primarily on the property, the location, the probability of any of these risks, your knowledge of the locality and risks, your general appetite to risk. What is important is that you properly understand what information each search could give you. You may then make a decision if you personally think you need that search. Should you be unclear, ask your conveyancing practitioner to explain.
My house in Rayleigh is up for sale and I have a purchaser. Does my property lawyer have to be required to be on the Principality conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Rayleigh. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Rayleigh
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants.
Are there any apps to assist me to locate a Rayleigh law firm on the The Mortgage Works conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a bank and your location and you will see a number of Rayleigh conveyancing lawyers located nearest you. We have detailed some Rayleigh conveyancing firms towards the end of this page and you can ring them to check whether they are on the The Mortgage Works approved list
I've recently bought a leasehold flat in Rayleigh. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Rayleigh - Examples of Questions you should ask Prior to buying
What is the name of the managing agents? It would be wise to discover as much as possible regarding the managing agents as they can either make life much easier or uncomfortable. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the cleanliness of the communal areas. Enquire of other people whether they are happy with their service. In conclusion, find out the dates that the maintenance fees are due to the managing agents and specifically what it includes. In the main the outlay for major works tend not to be incorporated into the maintenance charges, although some managing agents in Rayleigh ask leaseholders to contribute towards a reserve fund created for the specific purpose of establishing a fund for major repairs or maintenance.
Living abroad I am unable to be present at my Rayleigh conveyancing solicitors office to sign documents for conveyancing in Rayleigh – will this be an issue?
Not a problem. Rayleigh conveyancing lawyers can handle conveyancing transactions for clients from a distance. It is not necessary for you to be able to be present a Rayleigh conveyancers office. Almost all conveyancing practitioner can deal with all communications using post, email, telephone and fax.