What is your number one tip for choosing a conveyancing solicitor in Tilbury
Do not opt for the cheapest Tilbury conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I have a mortgage with Bank of Ireland for my property in Tilbury. Conveyancing was finalised 12 months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland?
Your original mortgage agreement with Bank of Ireland will provide that you need their approval prior to letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. It should not be necessary to do this via a Bank of Ireland conveyancing panel firm.
I have finally had an offer on an apartment in Tilbury agreed to, the vendors do however have a connected purchase. The sellers have put an offer on a flat, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have selected a high street conveyancing solicitor in Tilbury. What should be my next step? When should I get the mortgage application with Co-operative started?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of one thousand pounds, then valuation, Tilbury conveyancing search fees, etc). The first thing to do is ensure that your property lawyer is on the Co-operative conveyancing panel. As to the subsequent stages this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. During a rising market many buyers will apply for the mortgage with Co-operative and arrange for the valuation and only if it comes back ok would they request their conveyancing practitioner to press on with the conveyancing in Tilbury.
I used Arc property Solicitors several years past for my conveyancing in Tilbury. I now require my papers however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Tilbury of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Tilbury is the location of the property. Is there any guidance you can impart?
Flying freeholds in Tilbury are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tilbury you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tilbury may determine 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.
Hoping to buy a property located in Tilbury and I am already nervous. I couldn't find anything specific about Tilbury. Conveyancing will be needed in due course but do you know about the Tilbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Tilbury. In the meantime here are some basic statistics that we found
Can you provide any top tips for leasehold conveyancing in Tilbury from the point of view of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Tilbury can be avoided where you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold information which will be required by the buyers’ solicitors. You believe that you know the number of years left on your lease but it would be wise to verify this via your conveyancers. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is below 80 years. It is therefore essential at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If there is a history of conflict with your freeholder or managing agents it is essential that these are resolved prior to the flat being marketed. The buyers and their solicitors will be nervous about purchasing a property where there is an ongoing dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over rather than unsettled. In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Tilbury state that internal structural changes or installing wooden flooring necessitate a licence issued by the Landlord consenting to such changes. If you fail to have the consents in place you should not contact the landlord without contacting your lawyer before hand.
I acquired a 1 bedroom flat in Tilbury, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Tilbury with a long lease are worth £181,000. The ground rent is £55 yearly. The lease ends on 21st October 2072
With just 51 years left to run the likely cost is going to be between £30,400 and £35,200 plus 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 extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.