I require conveyancing for an apartment in a fairly new development (seven years built) in Rochford. Almost all the appartments have already been sold. Do I need carry out the conveyancing searches as part of conveyancing in Rochford?
You would be taking a significant risk in not carrying out Rochford conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would seriously advise in the strongest possible terms that your solicitor conducts them. If timings and expenses are primary concerns you should consider with your conveyancer about the possibility of search insurance
It is is a decade since I purchased my house in Rochford. Conveyancing lawyers have recently been instructed on the sale but I can't track down the title documents. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be kept by your mortgage company or they may stored with the conveyancers who handled the purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Rochford relates to registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
I am considering applying for a RBS mortgage for purchase of a new build (under development) in Rochford with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for RBS ?
In theory, you could use a solicitor that is not on the RBS conveyancing panel, but RBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
is it true that all Rochford solicitors on the Kent Reliance conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Kent Reliance conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel and in such a situation the firms would be governed by the CLC.
We have a mortgage agreed in principle with Lloyds. Rochford conveyancing lawyers are selected. What is the average time that one could expect to receive a mortgage offer from Lloyds?
There is no definitive answer here. Have Lloyds done the survey? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Lloyds have agreed my mortgage in principle, my offer on a property in Rochford has been agreed to, now what?
The estate agent will want to be advised as to your conveyancing practitioner's details (be sure the solicitors are on the bank’s approved list). Call up Lloyds or your broker and finalise any relevant paperwork. Lloyds will appoint a valuer who will get in touch with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes about a week to get a mortgage offer. Lloyds will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Rochford.
What makes your site different to other web based conveyancing solicitors for conveyancing in Rochford?
At this site receive a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Rochford. As opposed to estate agents and brokerage sites we do not charge firms a commission if you appoint them for your property ownership legalities in Rochford
I've found a house that seems to meet my requirements, at a great price which is making it more attractive. I have just found out that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Rochford. Conveyancing lawyers have are soon to be appointed. Will they explain the issues?
Most houses in Rochford are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Rochford so you should seriously consider shopping around for a Rochford conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your lawyer should report to you on the legal implications.
I bought a garden flat in Rochford, conveyancing formalities finalised in 2007. How much will my lease extension cost? Similar flats in Rochford with an extended lease are worth £190,000. The ground rent is £65 levied per year. The lease ends on 21st October 2084
With just 61 years left to run we estimate the premium for your lease extension to be between £19,000 and £22,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information 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 want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.