Would the conveyancing lawyers to be found on your site handle auction conveyancing in Hockley?
There are a few auction lawyers we can put you in touch with those conducting auction conveyancing. Hockley is just one of hundreds of areas of where our lawyers have offices.
A colleague advised me that if I am buying in Hockley I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Hockley conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Hockley around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Hockley.
How does conveyancing in Hockley differ for new build properties?
Most buyers of new build residence in Hockley approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Hockley usually buy 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 Hockley or who has acted in the same development.
I decided to have a survey done on a house in Hockley ahead of instructing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor has said that some lenders will not grant a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hockley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hockley to see if the conveyancing costs will increase in light of this.
What advice can you give us when it comes to choosing a Hockley conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Hockley conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Hockley conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
What volume of lease extensions have they conducted in Hockley in the last twenty four months? What are the costs for lease extension work?
I inherited a 2 bed flat in Hockley, conveyancing was carried out July 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Hockley with an extended lease are worth £180,000. The ground rent is £65 per annum. The lease expires on 21st October 2080
With only 59 years remaining on your lease the likely cost is going to range between £20,900 and £24,200 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.