We hired a high street firm for my conveyancing in Shenfield last week. After carefully reading the terms of engagement it is apparent thatI am on the hook for fees even where the transaction does not complete. Should I go with them or select an on-line conveyancing brokerage offering no-sale-no-fee conveyancing in Shenfield?
It is usually a trade off in that if "No Sale No Fee" is offered then the fee levels will tend to be be more expensive to cover those conveyances that do not go ahead. Dont forget that these promotions generally do not protect you from disbursements e.g. Shenfield conveyancing search expenses.
Is it possible for conveyancing in Shenfield to be finalised in under a month?
In the event that the seller is applying a tight deadline for your conveyancing we would recommend that your solicitor is familiar with the location as they will make use of local connections and know-how. It is possible that they could have conducted previousproperties in the same neighbourhood. Therefore consider using a Shenfield conveyancing firm. Second, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Shenfield conveyancing transactions are frustrated or derailed after finding out that a buyer’s conveyancer was not on their banks panel. This can often result in the conveyancing being delayed by as much as 21 days. It is understood that this issue impacts in the region of one hundred thousand home sales annually. Most Shenfield conveyancing firms can not represent certain mortgage companies so do check as early as possible.
My lawyer in Shenfield is not listed on the Nottingham Building Society Solicitor Panel. Can I still retain my prefered solicitor notwithstanding that they are excluded from the Nottingham Building Society panel?
Your options are as follows:
- Complete the purchase with your existing Shenfield solicitors but Nottingham Building Society will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall conveyancing charges as well as cause frustration.
- Find an alternative practitioner to act in the purchase, obviously checking they are Convince your conveyancer to do everything within their powers to join the Nottingham Building Society conveyancing panel
The estate agent has sent us the confirmation of our purchase of a new build apartment in Shenfield. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Shenfield
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am selling my property. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Shenfield if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Shenfield. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I am employed by a reputable estate agent office in Shenfield where we have experienced a few leasehold sales jeopardised due to short leases. I have received inconsistent advice from local Shenfield conveyancing solicitors. Please can you confirm whether the vendor of a flat can instigate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Shenfield - Examples of Queries Prior to Purchasing
Generally speaking the outlay for major works tend not to be built into the service charges, although some managing agents in Shenfield obliged leasehold owners to pay into a sinking fund created for the specific purpose of building a fund for major repairs or maintenance. Make sure you find out if there are any onerous restrictions in the lease. For instance some leases prohibit pets being permitted in certain buildings in Shenfield. If you like the apartmentin Shenfield however your dog is not allowed to make the move with you then you will be presented with a difficult decision. Is there a share of the freehold?