Can the conveyancing practitioners identified via your search tool conduct auction conveyancing in Thurrock?

There are a number of auction practitioners we can put you in touch with those who can conduct auction conveyancing. Thurrock is one of the many areas of in which our lawyers cover.

We are buying a apartment in Thurrock. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to put money into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

We are aiming to move house in February. Does my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you recommend a removal company in Thurrock. Conveyancing solicitor was found before I stumbled across this website.

On the day of completion you will need to pick up the house keys from the estate agent but this should only be done after the sellers lawyers confirm to the agent that the monies to complete are in and the keys can be collected. You will need to inform the removal men that you are ready to move in. As a matter of policy we do not recommend a particular removal organisation but can assist you in finding a residential property solicitor in Thurrock or a firm that specialises in conveyancing in Thurrock.

When it comes to mortgage companies such as Principality, do Thurrock conveyancers face an annual charge to be on the conveyancing panel?

We are unaware of any lender fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.

The deeds to my property are lost. The solicitors who dealt with the conveyancing in Thurrock 4 years ago are no longer around. What do I do?

Nowadays there are copies made of almost everything, and your lawyer will know exactly where to look for all the appropriate paperwork so you can purchase or sell your property without any difficulty. If copies can’t be located, your lawyer can arrange cover in the form of insurance or indemnities against possible claims on the premises.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Thurrock I like with amenity areas and station nearby, however it only has 52 years on the lease. I can't really find anything else in Thurrock suitable, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.

I am attracted to a two apartments in Thurrock which have in the region of forty five years left on the lease term. should I be concerned?

There is no doubt about it. A leasehold apartment in Thurrock is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the premises. The majority of buyers and banks, leases with less than 75 years become less and less marketable. 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 premises 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 Thurrock conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending 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.

Thurrock Leasehold Conveyancing - A selection of Questions you should ask before buying

Is the freehold owned jointly by the leaseholders? Be sure to find out if the the lease contains any onerous restrictions in the lease. By way of example it is very common in Thurrock leases that pets are not allowed in in a block in Thurrock. If you love the apartmentin Thurrock yet your dog can’t make the move with you then you have a very hard determination. You should be aware if it is fewer than 80 years it will impact the marketability of the apartment. Check with your bank that they are willing to to proceed given the lease term. A short lease means that you will most likely need a lease extension at some point and you need to have some idea of what this will be. Remember, in most cases you would be be obliged to have owned the residence for two years in order to be eligible to exercise a lease extension.