As someone with no idea as to the Rayleigh conveyancing process what is the number one tip you can give me concerning the legal transfer of property in Rayleigh
You may not hear this from too many lawyers but conveyancing in Rayleigh and elsewhere in Essex is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of room for confrontation between you and other parties involved in the transaction. E.g., the vendor, estate agent and sometimes a mortgage company. Appointing a law firm for your conveyancing in Rayleigh should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose interest is to protect your best interests and to protect you.
On occasion a third party with a vested interest may attempt to persuade you that it is in your interests to do things their way. As an example, the estate agent may claim to be assisting by claiming that your lawyer is slow. Or your financial adviser may tell you to do take action that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who dealt with the conveyancing in Rayleigh 4 years ago no longer exist. What are my options?
You no longer need to have the physical deeds to evidence that you own the land or premises, given that the Land Registry have everything they need in a digital format.
How does conveyancing in Rayleigh differ for newly converted properties?
Most buyers of new build residence in Rayleigh come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Rayleigh typically purchase the real estate, 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 accustomed to new build conveyancing in Rayleigh or who has acted in the same development.
I need to retain a conveyancing solicitor for my conveyancing in Rayleigh. I happened to discover a site which looks to be the ideal answer If it is possible to get all this stuff done via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do you have any top tips for leasehold conveyancing in Rayleigh with the aim of expediting the sale process?
- Much of the delay in leasehold conveyancing in Rayleigh can be avoided if you get in touch lawyers the minute you market your property and request that they start to collate the leasehold documentation which will be required by the buyers’ solicitors. If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be concerned about purchasing a property where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic as opposed to ongoing. Some Rayleigh leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers. You believe that you know the number of years left on your lease but it would be wise to double-check by asking your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is under 80 years. It is therefore important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.
I bought a ground floor flat in Rayleigh, conveyancing formalities finalised 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Rayleigh with a long lease are worth £186,000. The ground rent is £55 yearly. The lease terminates on 21st October 2073
With only 52 years unexpired we estimate the premium for your lease extension to span between £29,500 and £34,000 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
Whilst your website is a good idea there are many lawyers listed near Rayleigh being on the lender conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our bank?
We do not recommend specific Rayleigh firms as the right Rayleigh conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Rayleigh knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..