Me and my wife are acquiring our first home. The conveyancer has messagedto ask if we wish to take out extra conveyancing searches. Unfortunately we have no idea as to what's relevant for conveyancing in Rayleigh
The range of Rayleigh conveyancing searches should be dictated entirely on the premises, the location, the possibility of any of these risks, your familiarity of the area and risks, your overall appetite to risk. What is important is that you properly understand what information the searches could give you. Then you can decide if you consider that you need that search. Should you be unsure, ask the lawyer to guide you.
Are all Rayleigh Conveyancing Quality Solicitors on the Barclays conveyancing list of approved firms?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
We have a mortgage agreed in principle with Principality. Rayleigh conveyancing practitioners were chosen. How long does it take for Principality to send the offer to the property lawyer?
Some lenders take longer than others. Have Principality completed the survey? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I are at the point of viewing apartments in Rayleigh and I am about to put in an offer. Is it wise to have a conveyancer on ‘stand by’? I intend to finance via a mortgage with Bank of Ireland.
It would be advisable to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are obtaining a mortgage with Bank of Ireland, ask your prospective lawyers if they are on the Bank of Ireland conveyancing panel otherwise they can't do the mortgage legal work.
What will a local search inform me concerning the house we're purchasing in Rayleigh?
Rayleigh conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search plays a central part in most Rayleigh conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I have recentlyfound out that Stirling Law have been shut down. They conducted my conveyancing in Rayleigh for a purchase of a leasehold flat 10 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest way to check if the premises 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 Rayleigh conveyancing specialists.
I own a leasehold house in Rayleigh. Conveyancing and Santander mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Rayleigh who acted for me is not around. Any advice?
First make enquiries of HMLR to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Rayleigh conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a studio flat in Rayleigh, conveyancing having been completed 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Rayleigh with an extended lease are worth £222,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2091
With just 70 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.