Me and my fiance are purchasing a ground floor flat in Southend On Sea. My lawyer is not on the bank approved list. Am I still permitted to use my Southend On Sea conveyancing solicitor notwithstanding that they are not on the lender panel?
Various options include
- Carry on with your existing Southend On Sea conveyancer but your mortgage company will undoubtedly instruct a property lawyer from their conveyancing panel. The net result is additional charges together with likely interruption.
- Appoint a fresh property lawyer to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the bank’s conveyancing panel
We are only a couple days away from an exchange on a flat in Southend On Sea and my parents have sent the 10% deposit to my conveyancing practitioner. I am now advised that as the deposit has not come from me my property lawyer needs to disclose this to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The lawyer is obliged to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am looking to buy a house and need a conveyancing solicitor in Southend On Sea who is on the Barclays solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays in certain locations such as Southend On Sea. We dont recommend any particular firm.
I require fast conveyancing in Southend On Sea as I am under a deadline to exchange contracts within one month. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you are at liberty not to do searches although no law firm would suggest that you don't. With plenty of history conveyancing in Southend On Sea the following are examples of what can be revealed and therefore affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
I am selling my home. My past lawyers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Southend On Sea if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Southend On Sea. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I own a leasehold flat in Southend On Sea. Conveyancing and Chelsea Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Southend On Sea who acted for me is not around. Do I pay?
First contact the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Southend On Sea conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Southend On Sea Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying
The majority of Southend On Sea leasehold apartments will have a service bill for the upkeep of the building set by the management company. Should you buy the flat you will have to meet this amount, usually in instalments during the year. This could differ from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent for you to pay annual, this is usually not a exorbitant sum, say around £50-£100 but you should to enquire it because occasionally it could be surprisingly expensive. Its a good idea to find out as much as you can concerning the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to practical issues like the cleanliness of the common parts. Ask prospective neighbours whether they are happy with them. On a final note, be sure you know the dates that you are obliged pay the service charge to the appropriate party and precisely how they are spending the funds. How many of the leaseholders are in arrears for their maintenance charge payments?