After what seems like an age a loan offer from Santander for the remortgage of my 3 room apartment is coming by the end of next week. Are you able to propose a low cost conveyancing law firm in Thurrock?
This site is not designed to help those in their quest for the cheapest conveyancing solicitors in Thurrock. Our goal is to offer cost effective conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint brokers teasing you with £99 conveyancing in Thurrock. At best, in being led by cheap conveyancing, you will receive what you pay for and at worst you will end up invoiced for additional fees and still not receive the service required.
Just had an offer accepted on a new build apartment in Thurrock. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Thurrock
Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
In searching the internet for the words on line conveyancing in Thurrock it shows results of many conveyancersin the area. With so much choice what is the best way to find the right conveyancing solicitor for my move?
The preferential way of finding a suitable conveyancer is via personal referral, so enquire of colleagues and family who have bought a property in Thurrock or a reputable estate agent or financial adviser. Charges for conveyancing in Thurrock differ, so it's sensible to obtain a minimum of three estimates from varying types of companies. Be sure to obtain confirmation what costs in the quote includes.
I am looking at a two maisonettes in Thurrock which have approximately fifty years unexpired on the lease term. should I be concerned?
There is no doubt about it. A leasehold flat in Thurrock is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the marketability of the premises. For most purchasers and lenders, leases with under 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 premises 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. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. 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 Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
You should be aware that where the lease has no more than 80 years it will have adverse implications on the value of the flat. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you will need to own the premises for a couple of years before you are entitled to carry out a lease extension. This information is helpful as a) areas could result in problems in the building as the common areas may start to deteriorate if services are not paid for b) if the tenants have an issue with the running of the building you will want to have full disclosure How many of the leaseholders are in arrears for their maintenance charge payments?
Is it true that a Thurrock conveyancing practice has court proceedings brought against them by clients for failing to conduct the right conveyancing searches?
Our attention has not be brought to such a Thurrock conveyancing matter but according to a recent report, a couple purchasing a property in Cumbria successfully won a claim against their property lawyer as a consequence of development permission to build a wind farm not being picked up in conveyancing searches.
Where you are purchasing in Thurrock It is critical that your lawyer purchase all Thurrock conveyancing searches necessary to ensure you have accurate and up to date information before buying a home in Thurrock.