I am acquiring a leasehold flat in Thurrock. My Solicitor has never been on on the mortgage company approved panel. Can I still appoint my Thurrock conveyancing solicitor even though they are not on the bank list of approved lawyers?
You have numerous options available to you here
- Proceed with your preferred Thurrock solicitor but your lender will no doubt appoint a conveyancing practitioner on their approved panel. This will result in additional fees and potential interruption.
- Choose a new solicitor to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Convince your conveyancing practitioner to pull out all the stops to join the bank’s panel of solicitors
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Thurrock is the location of the property. Can you shed any light on this issue?
Flying freeholds in Thurrock are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Thurrock you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thurrock may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Should I be concerned by third parties that I am dealing with are suggesting an online conveyancing firm as opposed to a local Thurrock conveyancing practice?
As is the case with lots of professional services, often suggestions from family and friends can be extremely useful or valuable. Yet there are many players in a conveyancing deal; estate agents, financial adviser and lenders may suggest conveyancers to choose. On occasion these lawyers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You are at liberty to choose your own conveyancer. Don't forget that the majority of banks have an approved list of law firms you must use for the lender aspect of your transaction.
I need to find a conveyancing solicitor for sale conveyancing in Thurrock. I've land on a site which seems to have the ideal answer If there is a chance to get all this stuff completed via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having checked my lease I have discovered that there are only Seventy years unexpired on my lease in Thurrock. I am keen to get lease extension but my freeholder is can not be found. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to prove that you have done all that could be expected to locate the freeholder. On the whole an enquiry agent would be helpful to try and locate and prepare a report which can be used as evidence that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Thurrock.
I am the registered owner of a garden flat in Thurrock, conveyancing formalities finalised 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Thurrock with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2086
With just 65 years unexpired we estimate the premium for your lease extension to be between £13,300 and £15,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.