I selected a Shoeburyness based solicitor for my conveyancing in Shoeburyness recently. Going through the Ts and Cs I seeI am on the hook for charges even if our purchase doesn't happen. Would I be best advised to use a web based lawyer offering no move no charge conveyancing in Shoeburyness?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be higher to offset the conveyances that do not go ahead. You should be mindful that such schemes generally do not cover expenditure such your Shoeburyness conveyancing search costs.
My partner and I are only a couple days away from an exchange on a property in Shoeburyness and my mum and dad have transferred the exchange deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my conveyancer needs to disclose this to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancer is legally required to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Shoeburyness I like with amenity areas and station in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Shoeburyness in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Given that I will soon spend 450k on a garden flat in Shoeburyness I wish to talk to a lawyer concerning theconveyancing in advance of appointing the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your conveyancing in Shoeburyness.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are quoted for your conveyancing in Shoeburyness should be the figure that you are charged.
Should I stop my mortgage payments with Principality once a completion date for my home sale in Shoeburyness has been set?
No, you must maintain meeting any mortgage payments to Principality pending the mortgage being redeemed out of the proceeds of sale as part of your Shoeburyness conveyancing.