lenderpanel

Find a Foots Cray Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Foots Cray conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Foots Cray

I own a freehold property in Foots Cray but still charged rent, why is this and what is this?

It’s unusual for properties in Foots Cray and has limited impact for conveyancing in Foots Cray 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

I have todaybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Foots Cray for a purchase of a leasehold apartment 10 months ago. How can I check that the property is not still registered in the name of the former proprietor?

The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Foots Cray conveyancing specialists.

How does conveyancing in Foots Cray differ for newly converted properties?

Most buyers of new build residence in Foots Cray come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Foots Cray usually purchase the real estate, 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 used to new build conveyancing in Foots Cray or who has acted in the same development.

I'm remortgaging my existing house to a BTL loan with TSB and I will use the rest of the raised equity towards a second house. The neighborhood we are interested in is Foots Cray. Will your lawyers be able to act for the two mortgage companies and tie in the conveyances?

Do use our comparison tool on this page to check that the conveyancers are on the appropriate lender panels. Having checked that they are the lawyer will be able to connect the two conveyancing matters but you should have a chat with you lawyer and make apparent your desired outcome and needs.

If all goes to plan we aim to complete the disposal of our £250,000 garden flat in Foots Cray next Tuesday. The landlords agents has quoted £360 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Foots Cray?

For most leasehold sales in Foots Cray conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

    Answering conveyancing due diligence enquiries Where consent is required before sale in Foots Cray Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Foots Cray leasehold premises is £350. For Foots Cray conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide the information.

I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Foots Cray conveyancing firm to assist?

Most certainly. We are happy to put you in touch with a Foots Cray conveyancing firm who can help.

An example of a Lease Extension case for a Foots Cray property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.

Last updated

Neighbouring Locations

Lamorbey
Sidcup
Foots Cray
Ruxley
St Paul's Cray
St Mary Cray

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