Finally, a mortgage offer from HSBC for the remortgage of my 2 room flat is expected within the next few days. Can you suggest a low cost conveyancing law firm in Shoeburyness?

You have arrived at the wrong site to search for cut-price fees for conveyancing solicitors in Shoeburyness. Our goal is to offer affordable conveyancing but our intention is not to advertise as being the cheapest. Do not be fooled by brokers offering the bait of low cost conveyancing in Shoeburyness. Optimistically, in being led by low cost conveyancing, you will earn what you pay for and at worst you will end up paying a lot in additional fees and still not end up with the service expected.

I am acquiring a property mortgage free in Shoeburyness. I have lived for the last Seventeen years in Shoeburyness. Conveyancing searches are a lot of money. As I have knowledge of the road and vicinity 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 Shoeburyness conveyancing searches are at your discretion. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches done, but she is duty bound to take that path of advice. Do consider; if you are intend to dispose of the house one day, it will be of importance to your future buyer what the searches disclose. There are plenty of instances where properties with apparent issues can still throw up detrimental search results. A competent conveyancing solicitor in Shoeburyness will be able to give you some practical advice in this regard.

I am considering mortgaging my home in Shoeburyness, does my lawyer have to be on the RBS Solicitor panel?

In theory, you could use a solicitor that is not on the RBS conveyancing panel, but RBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.

What makes a Shoeburyness lease problematic?

Leasehold conveyancing in Shoeburyness is not unique. Most leases are individual and drafting errors can sometimes mean that certain provisions are missing. The following missing provisions could result in a defective lease:

Clauses dealing with recovering service charges for expenditure on the building or common parts.

A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Skipton Building Society, and Nottingham Building Society all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to pull out.

I invested in buying a 1st floor flat in Shoeburyness, conveyancing having been completed in 2009. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Shoeburyness with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease runs out on 21st October 2078

With only 53 years unexpired we estimate the premium for your lease extension to span between £27,600 and £31,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

I am not able to be present at my Shoeburyness conveyancing lawyers office to sign documents for conveyancing in Shoeburyness – is this a problem?

No. Shoeburyness conveyancing lawyers can handle conveyancing transactions for clients from a distance. You are unlikely to be required to meet your lawyer in the flesh at a Shoeburyness conveyancers office. They can undertake all communications remotely from their Shoeburyness premises.