My husband and I are purchasing a brand new duplex in West Thurrock and my conveyancer is telling me that she is duty bound to the lender to disclose incentives from the builder. I am under pressure to exchange contracts and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I used Action Conveyancing several years past for my conveyancing in West Thurrock. I now require my papers however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in West Thurrock of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in West Thurrock differ for newly converted properties?
Most buyers of new build premises in West Thurrock approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because builders in West Thurrock typically purchase the land, 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 used to new build conveyancing in West Thurrock or who has acted in the same development.
I have been on the look out for a flat up to £195,000 and identified one near me in West Thurrock I like with open areas and station in the vicinity, however it only has 49 years on the lease. There is not much else in West Thurrock for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan that many years may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
Taking into account that I am about to spend 450k on a terraced house in West Thurrock I wish to have a conversation with the conveyancer regarding thehome move ahead of instructing the firm. Is this something that you can arrange?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you first talking to the lawyer due to be carrying out your property ownership legalities in West Thurrock.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in West Thurrock should be the figure that you end up paying.
Is it best to go with a West Thurrock conveyancing lawyer who is local to the property I am buying? We have a good friend who can conduct the legal formalities however her office is a couple of hundredmiles drive away.
The benefit of a local West Thurrock conveyancing firm is that you can pop in to execute documents, present your identification documents and apply pressure on them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were content that must trump using an unfamiliar West Thurrock conveyancing solicitor solely due to them being based in the area.