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Recently asked questions about conveyancing in Grays

In the event thatI were to buy a simple residential homein Grays mortgage fee and dispense with a survey and no local authority searches how much could I expect to have to pay for conveyancing in Grays?

The sole reduction in fees you would make on is the costs for searches. A solicitor still be obliged to do everything else - money laundering, correspond with the vendors conveyancing practitioner, stamp duty return, register the property etc. You might save a bit for them not needing to register a charge however it will not be a lot.

Completed the sale of my flat in Grays last May yet the purchaser is telephoning every few hours complaining that his conveyancer needs to hear from mylawyer. What are the post completion sale legalities now that I have sold?

Following your house sale your lawyer should forward the transfer deeds and all of the paperwork to the purchaser's solicitors. If applicable, your solicitor must also confirm that the mortgage has been repaid to the buyers conveyancers. There is unlikely to be post completion formalities specific conveyancing in Grays.

How does conveyancing in Grays differ for newly converted properties?

Most buyers of new build or newly converted property in Grays contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Grays tend to 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 property lawyers 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 Grays or who has acted in the same development.

My company is planning to take an assignment of a lease of an office on a shopping parade. Can you recommend solicitors offering competitive charges for non-domestic conveyancing in Grays for under 2k?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Grays, including the disposal and purchase of businesses as well as simply premises. Whether you are looking to acquire or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can find you the right firm. Regarding the charges this will depend on the structure and complexity of the deal. Let us have your contact information or call us so that we can provide you with a detailed commercial conveyancing calculation.

I've found a house that appears to be perfect, at a reasonable price which is making it more attractive. I have subsequently been informed that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Grays. Conveyancing solicitors have are about to be appointed. Will they explain the issues?

The majority of houses in Grays are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Grays in which case you should be shopping around for a Grays conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’spermission to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your solicitor will advise you fully on all the issues.

We have reached the end of our tether in trying to purchase the freehold in Grays. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Absolutely. We can put you in touch with a Grays conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Grays flat is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case related to 13 flats. The unexpired term was 76 years.

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