What does my ID and proof of funds have anything to do with my conveyancing in Shoeburyness? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you need to sign should confirm this. Your lender will also require certain documents to be checked. Where you are unwilling to supply ID verification documents, your lawyer would not be able to accept instructions from you.
If you had a top tip for selecting a conveyancing solicitor in Shoeburyness what would it be?
Do not opt for the cheapest Shoeburyness conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
We are getting the release of further funds on our mortgage from Coventry BS as we intend to conduct a loft conversion to our home in Shoeburyness. Are we obliged to appoint a nearby Shoeburyness solicitor on the Coventry BS conveyancing panel to handle the legals?
Coventry BS would not normally appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS list.
After shopping around on the internet I have found a Shoeburyness conveyancer having made sure that they are on the Yorkshire BS conveyancing panel. Does my lawyer arrange the survey of the property?
Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Shoeburyness postcode. As you are getting a mortgage with Yorkshire BS, you could contact them to see if they have a list of approved surveyors in Shoeburyness.
I am buying a house and the lawyer has mentioned Chancel Repair for which the property could be obligated to pay because it falls into the area of such a church. He has suggested insurance. Is this really required for conveyancing in Shoeburyness
Unless a previous acquisition of the house completed after 12 October 2013 you could assume that solicitors conducting conveyancing in Shoeburyness to remain recommending a chancel search and or chancel repair liability insurance.
I need to find a conveyancing solicitor for residential conveyancing in Shoeburyness. I've chance upon a web site which appears to be the perfect answer If there is a chance to get all formalities completed via phone that would be ideal. Do I need to be concerned? 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?
I am looking at a couple of apartments in Shoeburyness both have in the region of forty five years remaining on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Shoeburyness is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the premises. For most buyers and mortgage companies, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Shoeburyness conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Leasehold Conveyancing in Shoeburyness - Examples of Questions you should ask Prior to Purchasing
Who are the managing agents? On the whole the outlay for major works are not included within service charges, although some managing agents in Shoeburyness obliged tenants to contribute towards a reserve fund created for the specific purpose of establishing a fund for larger repairs or maintenance.
Why is it not possible to complete my conveyancing in Shoeburyness on Good Friday?
This is due to the fact that on completion the money needs to pass between the banks of the buyer and owner’s property lawyer and currently this can only happen on a business day. It is not possible to complete on a weekend either.