I decided to go with a high street solicitor for our conveyancing in Southend On Sea last week. Upon checking the Ts and Cs I seeI am on the hook for fees even if the movedoes not go ahead. Should I go with them or appoint an internet conveyancing company promoting no move no charge conveyancing in Southend On Sea?

It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the fee levels will tend to be be uplifted to offset the cases that do not proceed. You should be mindful that these offerings rarely protect you from outlay e.g. Southend On Sea conveyancing search fees.

Is there a reason why leasehold purchase conveyancing in Southend On Sea is more expensive?

In short, leasehold conveyancing in Southend On Sea and elsewhere usually necessitates more due diligence compared to freehold transactions. This includes lease investigation, liaising with the landlord concerning the service of required notices, obtaining current service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.

Do I need to be concerned about 3rd parties that I am dealing with are recommending an internet conveyancing firm rather than a local Southend On Sea conveyancing company?

As is the case with lots of service providers, often recommendations from relatives can be very helpful. But there are numerous parties with a keen interest in a conveyancing deal; estate agents, mortgage brokers and banks may suggest conveyancers to appoint. Sometimes the lawyers might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are at liberty to select your preferred conveyancer. Don't forget that the majority of mortgage providers have an approved list of lawyers you are obliged to use for the mortgage aspect of your house move.

My husband and I are 17 days into a leasehold purchase having been referred to a firm by the local agent to carry out the conveyancing in Southend On Sea. I am am very disappointed with the level of service. Could you you assist me in finding new lawyers?

They would need to be really poor in order to consider changing them. Has the loan offer been sent? If so you need to make them aware of the new lawyer and get the loan are issued to the new lawyers. Your conveyancer needs to be on the lenders approved list to avoid added expenses and frustration. That should be your first question of the new conveyancers. Our find a solicitor tool should assist you in finding a bank approved conveyancer for your conveyancing in Southend On Sea

I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have subsequently been informed that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Southend On Sea. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Southend On Sea ?

The majority of houses in Southend On Sea are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Southend On Sea in which case you should be looking for a Southend On Sea conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’spermission to conduct changes to the property. It may be necessary to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your solicitor will appraise you on the various issues.

I inherited a studio flat in Southend On Sea, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable properties in Southend On Sea with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2075

You have 50 years left to run we estimate the price of your lease extension to range between £31,400 and £36,200 plus legals.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.