five months have elapsed following my purchase conveyancing in Tilbury completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Tilbury differ for new build properties?
Most buyers of new build premises in Tilbury come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Tilbury tend to acquire the site, 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 conveyancing solicitors 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 Tilbury or who has acted in the same development.
Taking into account that I am about to part with hundreds of thousands of pounds on a terraced house in Tilbury I would like to have a conversation with the conveyancer concerning thehome move in advance of instructing the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer due to be carrying out your conveyancing in Tilbury.There is no ‘factory style conveyancing’ - each client is an important person, not a file number. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Tilbury should be the amount on the final invoice that you are charged.
My step-father has suggested that I use his lawyers for conveyancing in Tilbury. Should I choose my own solicitor?
There are no two ways about it it’s preferable to select a conveyancing practitioner is to have recommendations from friends or relatives who have actually previously instructed the firm you're considering.
I work for a busy estate agent office in Tilbury where we have experienced a number of leasehold sales derailed due to short leases. I have been given contradictory information from local Tilbury conveyancing firms. Please can you shed some light as to whether the owner of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I am the registered owner of a split level flat in Tilbury, conveyancing was carried out in 2012. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Tilbury with an extended lease are worth £191,000. The ground rent is £55 yearly. The lease ceases on 21st October 2074
With just 54 years left to run the likely cost is going to range between £31,400 and £36,200 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.
Would local authority consent be necessary to change a house into a couple of flats in Tilbury? This has occurred to a house opposite to my house in Tilbury and was not aware of it happening until the works were finished.
Planning Consent yes. Building Reg Approval yes.