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

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Recently asked questions about conveyancing in Marks Gate

I am acquiring a property mortgage free in Marks Gate. I have been living for the previous 15 years in Marks Gate. Conveyancing searches are a lot of money. As I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?

In the absence of a home loan, then all but one or two of the Marks Gate conveyancing searches are at your discretion. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches completed, but she has a professional duty to take that path of guidance. Do bear in mind; if you are likely to dispose of the house in the future, it will be of importance to your prospective purchaser what the searches contain. There are plenty of instances where houses with no practical issues can still show up unfavourable search results. A good conveyancing solicitor in Marks Gate should be able to give you some constructive advice in this regard.

As someone unfamiliar with the Marks Gate conveyancing process what’s the number one tip you can impart concerning the ownership transfer in Marks Gate

You may not hear this from too many lawyers but conveyancing in Marks Gate or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the transaction. For example, the vendor, property agent and even potentially a lender. Appointing a solicitor for your conveyancing in Marks Gate should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to look after your best interests and to protect you.

Sometimes a potential adversary may try and convince you that it is in your interests to do things their way. As an example, the property agent may claim to be assisting by claiming that your lawyer is slow. Or your financial adviser may advise you to do take action that is contrary to your lawyers guidance. You should always trust your lawyer above all other parties in the home moving process.

Due to the input of my in-laws I had a survey completed on a property in Marks Gate in advance of appointing solicitors. I have been told that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend not issue a loan on such a home.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Marks Gate. Conveyancing may be slightly more expensive based on your lender's requirements.

I need to retain a conveyancing solicitor for freehold conveyancing in Marks Gate. I happened to discover a web site which seems to have the ideal answer If it is possible to get all this stuff done via email that would be ideal. Should I be wary? 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?

What are your top tips when it comes to choosing a Marks Gate conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a conveyancer for your lease extension (regardless if they are a Marks Gate conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Marks Gate conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:

    If they are not ALEP accredited then why not? Can they put you in touch with clients in Marks Gate who can give a testimonial?

I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Marks Gate conveyancing firm to act on my behalf?

if there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to make a decision on the amount due.

An example of a Lease Extension decision for a Marks Gate residence is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case affected 1 flat. The number of years remaining on the existing lease(s) was 61.36 years.

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Neighbouring Locations

Chase Cross
Marks Gate
Collier Row
Chadwell Heath
Rush Green

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