I am expecting a mortgage offer from Nat West. My intention is to use a Licensed Conveyancer in Thurrock. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
What will a local search inform me regarding the house I am purchasing in Thurrock?
Thurrock conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search plays an important role in many a Thurrock conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I'm purchasing a new build house in Thurrock with a mortgage from Birmingham Midshires. The sellers refused to move on the price so I negotiated £7000 of extras instead. The property agent advised me not reveal to my solicitor about this side-deal as it could affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the estate of my uncle I am disposing of a property in Neath but reside in Thurrock. My conveyancer (approximately 200 miles awayneeds me to execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Thurrock who can attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Thurrock
I am in need of some leasehold conveyancing in Thurrock. Before I get started I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Thurrock - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a split level flat in Thurrock, conveyancing was carried out 7 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Thurrock with an extended lease are worth £202,000. The ground rent is £60 levied per year. The lease ceases on 21st October 2083
With only 57 years remaining on your lease the likely cost is going to be between £28,500 and £33,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
Me and my partner are about to exchange buying a property in Thurrock but as a consequence of damage from the recent storms I have negotiated reparation from the seller of four thousand pounds by way of a reduction in the price. This was going to be addressed as part of the conveyancing process but the bank will not agree to this. Should they have been involved?
The property lawyer that is on a bank approved list is required to advise the lender of any changes to the sale amount. In the event that you prohibit your conveyancing practitioner to report the reduction to your bank then they would have to refrain from acting for you and the lender.