Why is leasehold purchase conveyancing in St Paul's Cray is more expensive?
In short, leasehold conveyancing in St Paul's Cray and elsewhere usually involve more work compared to freehold conveyancing. This includes lease investigation, liaising with the landlord about the service of appropriate notices, securing current service charge and management information, securing 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 – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
Have just purchased a repossessed house at auction in St Paul's Cray. Conveyancing is required. What happens now?
Given that you are now exchanged you now have to find a conveyancing lawyer soon as you will have a tight a fixed date to complete the transaction. Every auction property will have a corresponding auction set of papers. This should include most,if not all of the paperwork that your solicitor requires. Where you are dealing with leasehold premises the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You need to pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in order to complete on the on the contractual date .
We are due to move house in October. Does my conveyancing solicitor liaise with the removal company on the day of completion. As an aside, can you recommend a removal company in St Paul's Cray. Conveyancing lawyer was chosen prior to coming across your site.
On the day of completion you can pick up the keys from the estate agent however this can only take place when the vendors conveyancers confirm to the agent that the monies to complete are in and the keys can be collected. Subsequently you can advise the removal men that you are ready to move in. We are not in a position to recommend a particular removal organisation but can help you find a residential property solicitor in St Paul's Cray or a lawyer that specialises in conveyancing in St Paul's Cray.
The formalities of my remortgage has taken place for my property in St Paul's Cray. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I have been told that property searches are the primary cause of delay in St Paul's Cray conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in St Paul's Cray.
I am looking for a flat up to £235,500 and found one close by in St Paul's Cray I like with open areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in St Paul's Cray suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I need to instruct a conveyancing lawyer in St Paul's Cray for my sale. Is it possible to check a firm’s record with the legal regulator?
Members of the public may read published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For records Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.