Why is leasehold purchase conveyancing in Southend On Sea is more expensive?
In short, leasehold conveyancing in Southend On Sea and Essex usually warrants additional work compared to freehold transactions. This includes analysing the lease terms, liaising with the landlord concerning serving required notices, securing current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
We hope to to buy with Coventry BS. I dropped in a few high street practices yet am struggling to find a Southend On Sea conveyancing firm on the Coventry BS approved list. Can you assist?
Please do make the most of the find a conveyancing panel solicitor tool on this web page. Pick the mortgage company and type Southend On Sea or your location and you will discover a number of lawyer located in Southend On Sea or near you.
This question may be naive but I am unexperienced as a first time buyer of a garden flat in Southend On Sea. Do I pick up the keys to the house on the completion date from my conveyancer? If this is the case, I will instruct a local conveyancing solicitor in Southend On Sea?
On the day of completion you do not need to attend the conveyancers office in Southend On Sea. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s conveyancers, and shortly after the monies have arrived, you should be invited to collect the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
After weeks of negotiation I have agreed a price on a house in Southend On Sea. My financial adviser pressured me to appoint their solicitor. I paid an advanced payment of £200. A couple of days later, the lawyer contacted me embarrassingly acknowledging that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My sealed bid on a detached house in Southend On Sea has been agreed to, but there is a chain. The sellers have offered on a property, but it’s not been accepted yet, and are looking at other flats booked. I have instructed a nearby conveyancing solicitor in Southend On Sea. What do I do now? When should I get the mortgage application with Leeds Building Society going?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx £1k, then survey, Southend On Sea conveyancing search charges, etc). The first course of action is to check that your lawyer is on the Leeds Building Society approved list. Regarding the next phase this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. In a buoyant market many home buyers would apply for a home loan with Leeds Building Society and pay for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to press on with searches.
How does conveyancing in Southend On Sea differ for new build properties?
Most buyers of new build premises in Southend On Sea come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because house builders in Southend On Sea tend to buy 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 Southend On Sea or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Southend On Sea ahead of retaining lawyers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Southend On Sea. Conveyancing will be smoother if you use a solicitor in Southend On Sea especially if they are accustomed to such properties in Southend On Sea.
Am I right to be suspicious about third parties that I am dealing with are suggesting a nationwide conveyancing firm rather than a High Street Southend On Sea conveyancing company?
As with many professional services, often input from connections can be most helpful. Nevertheless there are lots of players in a conveyancing transaction; estate agents, financial adviser and lenders may recommend solicitors to appoint. Sometimes these solicitors might be known to one of the organisations as one of the best in their field, but sometimes there exists a commercial relationship behind the recommendation. You are at liberty to appoint your own conveyancer. Don't forget that the majority of lenders specify a panel list of solicitors you must use for the mortgage aspect of your transaction.