lenderpanel

Find a Canvey Island Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Canvey Island? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Canvey Island home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Canvey Island conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Canvey Island

Me and my partner are due to complete buying a house in Canvey Island but as a consequence of damage from some water damage at the property I have was able negotiate recompense from the vendor in the sum of £2k in the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement but Bank of Ireland will not agree to this. Why were they notified?

Your property lawyer that is on a Bank of Ireland conveyancing panel is duty bound to disclose to Bank of Ireland of any amendments to the sale price. If you prohibit your solicitor to disclose the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancer for your conveyancing in Canvey Island.

My stepmother advised me that in buying a property in Canvey Island there may be various restrictions prohibiting external changes to the property. Is this right?

There are anumerous of properties in Canvey Island which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Canvey Island should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

When it comes to lenders such as Nottingham, do Canvey Island conveyancing practitioners have to pay an annual charge to be on the list of approved solicitors?

We are unaware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.

We have agreed to purchase a house in Canvey Island. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?

Given that your lender is Yorkshire BS your lawyer must comply with the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and solicitors are required to report to Yorkshire BS where a lease fails to comply with these specifications. The specifications relate to the installation of panels on properties countrywide and is not limited to Canvey Island.

I have been on the look out for a ground for flat up to £235,500 and found one near me in Canvey Island I like with a park and railway links nearby, however it only has 51 years unexpired on the lease. There is not much else in Canvey Island for this price, so just wondered if I would be making a mistake acquiring a short lease?

Should you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

How easy is it to use your search facility to choose a conveyancing lawyer in Canvey Island on the panel for my lender?

Step one is to select a mortgage company such as Lloyds TSB Bank, Leeds Building Society or Britannia then type in your preferred area a common one being Canvey Island. Conveyancing practices in Canvey Island and across England and Wales should be shown.

Can you provide any top tips for leasehold conveyancing in Canvey Island from the point of view of saving time on the sale process?

  • Much of the frustration in leasehold conveyancing in Canvey Island can be bypassed if you instruct lawyers as soon as you market your property and request that they start to collate the leasehold documentation needed by the purchasers’ solicitors.
  • If there is a history of conflict with your landlord or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be warry about purchasing a property where there is an ongoing dispute. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to present the dispute as historic rather than ongoing. If you have the benefit of shareholding in the freehold, you should ensure that you hold the original share certificate. Arranging a replacement share certificate is often a time consuming process and slows down many a Canvey Island home move. If a reissued share certificate is needed, you should approach the company director and secretary or managing agents (if relevant) for this sooner rather than later. You may think that you are aware of the number of years remaining on your lease but you should double-check via your conveyancers. A purchaser's conveyancer will be unlikely to recommend their client to where the lease term is under 75 years. In the circumstances it is important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.

I bought a studio flat in Canvey Island, conveyancing having been completed in 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Canvey Island with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 per annum. The lease runs out on 21st October 2098

With just 76 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 plus professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

Last updated

Find out more about how flying freehold can affect your the value of a property.