I am getting a mortgage offer from Lloyds. I intend to enlist the help of a Licensed Conveyancer in Westcliff On Sea. Does the Lloyds Solicitor panel exclude conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I own a freehold property in Westcliff On Sea but nevertheless charged rent, why is this and what is this?
It is rare for properties in Westcliff On Sea and has limited impact for conveyancing in Westcliff On Sea but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I am selling our property in Westcliff On Sea and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any high street Westcliff On Sea conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing practice rather than a conveyancing solicitor in Westcliff On Sea. Having lived in Westcliff On Sea for 4 years we know of no issue. Do we contact our local Authority to seek clarification need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
The deeds to my home can not be found. The solicitors who dealt with the conveyancing in Westcliff On Sea 10 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to hold title original deeds to establish that you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Westcliff On Sea. I have chance upon a web site which seems to have the perfect answer If it is possible to get all the legals completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am employed by a reputable estate agency in Westcliff On Sea where we have experienced a few flat sales jeopardised due to short leases. I have received inconsistent advice from local Westcliff On Sea conveyancing solicitors. Could you clarify whether the vendor of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease 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 can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 inherited a studio flat in Westcliff On Sea, conveyancing was carried out 4 years ago. How much will my lease extension cost? Comparable flats in Westcliff On Sea with over 90 years remaining are worth £206,000. The ground rent is £45 invoiced every year. The lease finishes on 21st October 2087
With 66 years left to run the likely cost is going to range between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.