Our Thurrock lawyer has discovered a difference when comparing the information in the home valuation survey and what is revealed within the conveyancing documents. My lawyer informs me that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Completed the sale of my flat in Thurrock last December yet the purchaser is calling me to moan that her conveyancer needs to hear from mine. What should my lawyer have done following completion?
Following your sale your lawyer should send the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer must also send confirmation that the mortgage has been paid off to the purchasers solicitors. There is unlikely to be post completion tasks specific conveyancing in Thurrock.
There is lots of here concerning conveyancing in Thurrock but what is your top tip for selecting the right conveyancer in Thurrock
Do not opt for the lowest Thurrock conveyancing fees. You really do get what you pay for when it comes to property lawyers. 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 ahead of the deal.
Is there a list of Yorkshire BS panel conveyancers in Thurrock on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association sites. A small selection of lending institutions make their panel listings visible on the web. If you are seeking to appoint a Thurrock property lawyer on the Yorkshire BS please use our facility.
We expect to receive a OIP from Nottingham this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nottingham recommend any Thurrock solicitors on the Nottingham conveyancing panel, or is it better to go independently?
You will need to appoint Thurrock solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
Just had an offer accepted on a new build apartment in Thurrock. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Thurrock
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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am looking for a leasehold apartment up to £305k and identified one close by in Thurrock I like with amenity areas and station in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Thurrock suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
As co-executor for the will of my father I am selling a property in Monmouth but I am based in Thurrock. My conveyancer (who is 200 miles awayneeds me to execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Thurrock to witness this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are located in Thurrock