I am buying a semi-detached house in Westcliff On Sea. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Westcliff On Sea you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Westcliff On Sea.
It has been 3 months following my purchase conveyancing in Westcliff On Sea completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Westcliff On Sea in advance of appointing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies tend not give a mortgage on this type of property.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Westcliff On Sea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Westcliff On Sea to see if the conveyancing will be more expensive.
Am I best advised to appoint a Westcliff On Sea conveyancing practitioner in close proximity to the house I am purchasing? I have an old university friend who can deal with the conveyancing however her office is 400miles drive away.
The benefit of a local Westcliff On Sea conveyancing practice is that you can visit the firm to sign documents, hand in your ID and pester them where appropriate. Having local Westcliff On Sea know how is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and they were happy that must surpass using an unfamiliar Westcliff On Sea conveyancing lawyer solely due to them being based in the area.
I own a leasehold house in Westcliff On Sea. Conveyancing and TSB mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Westcliff On Sea who acted for me is not around. What should I do?
First contact HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Westcliff On Sea conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a split level flat in Westcliff On Sea, conveyancing formalities finalised March 2011. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Westcliff On Sea with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease terminates on 21st October 2085
With 60 years left to run we estimate the price of your lease extension to range between £20,000 and £23,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.