My friend's dad is a conveyancing practitioner. I am hopeful that I will receive preferential rates for conveyancing, However if that does not come materialise, what kind of fees should I be expecting for conveyancing in Romford?
It’s advisable to obtain two or three conveyancing estimates. Make use of our search tool on this site. You will notice that fees do vary but the service one can expect are distinct between law firms as is the case with the vast majority of professional services.
We were just about to exchange contracts for a freehold house in Romford. We encountered a problem. The loan offer with Birmingham Midshires runs out on 23/6/2025 but the vendors are insisting on a completion date of 25/6/2025. Is it possible to extend the loan offer?
The person best placed to address this concern is your conveyancer who should assess whether he or she is corresponding with the lender, seller’s representatives, property agents or possibly all parties given the history of your transaction as of today.
How does conveyancing in Romford differ for newly converted properties?
Most buyers of new build property in Romford come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Romford tend to acquire 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 property lawyers 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 Romford or who has acted in the same development.
I am looking into buying my first house which is in Romford and I am already nervous. I couldn't find anything specific about Romford. Conveyancing will be needed in due course but do you know about the Romford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Romford. In the meantime here are some basic statistics that we found
I need to find a conveyancing solicitor for leasehold conveyancing in Romford. I've land on a web site which looks to be the ideal solution If it is possible to get all formalities done via web that would be preferable. Should I be concerned? What are the potential pitfalls?
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?
I am looking at a couple of apartments in Romford which have approximately forty five years left on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Romford. The lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the saleability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this arena.
I own a ground floor flat in Romford. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
Where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to determine the amount due.
An example of a Lease Extension decision for a Romford residence 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 affected 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.