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Find a South Woodham Ferrers Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised South Woodham Ferrers conveyancers for over 130 lenders.


Recently asked questions about conveyancing in South Woodham Ferrers

I was recommended to a lawyer who has given a fee estimate £1700 for leasehold conveyancing in South Woodham Ferrers. I’m hoping to downsize from a Georgian property for £275,000. This sounds over the top. Is it in excess of what I should be paying for conveyancing in South Woodham Ferrers?

The charges are a bit high. Where you are willing to invest time contrasting prices you could get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you maylive to regret opting for an an unknown solicitor. If is important to be sure the conveyancer can represent your bank. You can use our comparison tool to locate a South Woodham Ferrers conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in South Woodham Ferrers.

The South Woodham Ferrers conveyancing solicitors that I recently instructed on my purchase in South Woodham Ferrers have suddenly closed. I only went with them because I needed a firm on the UBS conveyancing panel and my preferred South Woodham Ferrers lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?

If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the UBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.

We are aiming to move home in May. Should my conveyancing solicitor liaise with the removal company on the completion day. On a separate note, can you recommend a removal company in South Woodham Ferrers. Conveyancing firm was chosen prior to coming across your page.

On the day of completion you will need to collect the keys from the estate agent but this can only happen when the previous owners solicitors advise the agent that the monies to complete are in and the keys can be released. After that you can inform the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal organisation but can assist you in finding a conveyancing in South Woodham Ferrers or a lawyer that specialises in conveyancing in South Woodham Ferrers.

I am currently in the process of buying my council flat in South Woodham Ferrers. I have a mortgage agreed with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.

I currently have a mortgage with HSBC for my property in South Woodham Ferrers. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform HSBC?

You must advise HSBC before renting your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel solicitor.

I am looking for a ground for flat up to £235,500 and identified one close by in South Woodham Ferrers I like with open areas and railway links nearby, however it's only got 49 remaining years left on the lease. There is not much else in South Woodham Ferrers in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?

If you require a mortgage that many years will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.

I am looking at a two apartments in South Woodham Ferrers both have in the region of fifty years remaining on the lease term. Will this present a problem?

There are no two ways about it. A leasehold flat in South Woodham Ferrers is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the property. For most buyers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with South Woodham Ferrers conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

South Woodham Ferrers Leasehold Conveyancing - Sample of Questions you should consider before Purchasing

    Make sure you enquire if there are any onerous prohibitions in the lease. For example some leases prohibit pets being permitted in in a block in South Woodham Ferrers. If you love the apartmentin South Woodham Ferrers but your dog is not allowed to live with you then you will be presented with a difficult choice. The prefered form of lease arrangement is if the freehold reversion is owned by the leaseholders. In this scenario the leaseholders have control and notwithstanding that a managing agent is usually retained if the building is larger than a house conversion, the managing agent is directed by the tenants. The answer will be useful as a) areas can cause problems in the building as the common areas may start to deteriorate where services remain unpaid b) if the leaseholders have an issue with the running of the building you will need to know about it

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