I went with a West Thurrock based firm for my conveyancing in West Thurrock last week. After carefully reading the Terms and Conditions it is apparent thatwe are liable for fees even if our purchase doesn't happen. Should I ditch them and select an on-line lawyer who offer no-sale-no-fee conveyancing in West Thurrock?
It is usually a trade off in that if "No Sale No Fee" is offered then the fee levels will tend to be be higher to neutralise the cases that fail to complete. You should be mindful that such arrangements tend not to cover expenses e.g. West Thurrock conveyancing search costs.
My lawyer in West Thurrock is not listed on the Skipton Building Society Solicitor Panel. Is it possible for me to continue with my family solicitor even though they are not on the Skipton Building Society approved list?
Your options are as follows:
- Complete the purchase with your existing West Thurrock solicitors but Skipton Building Society will need to use a solicitor on their list of acceptable firms. This will inevitably rack up the overall conveyancing charges as well as result in frustration.
- Find a new lawyer to act in the conveyancing, not forgetting to check they are on the Skipton Building Society panel
Forgive me if this question is silly but I am unseasoned as a first time purchaser of a two bedroom flat in West Thurrock. Do I receive the keys to the house on completion from my solicitor? If so, I will instruct a local conveyancing solicitor in West Thurrock?
On the day of completion you do not need to attend the conveyancers office in West Thurrock. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you should be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I'm the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in West Thurrock. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership will be treated the same way as though I had purchased the property in June. Do I have to wait half a year to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Some banks would take a sensible view as this requirement is principally there to pick up on subsales or the quick reselling of property.
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a West Thurrock solicitor on the Aldermore panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in West Thurrock I like with open areas and transport links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in West Thurrock suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan that many years may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I'm refinancing my primary property to a BTL mortgage with Nottingham Building Society and I will use the ballance of the raised equity towards another property. The neighborhood we are talking about is West Thurrock. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?
Make use of our search tool on this page to ensure that the lawyers are approved by both mortgage companies. Having checked that they are the solicitor should be able to connect the two transactions but you should have a chat with you conveyancer and make apparent your desired outcome and needs.