Are the Goodmayes conveyancing solicitors identified as being on the TSB conveyancing panel, together with their details provided by TSB?

Goodmayes conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.

We are downsizing from our property in Goodmayes and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A high street Goodmayes conveyancer would know this is not the case. For the life of me I don't know why the buyers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Goodmayes. Having lived in Goodmayes for many years we know that this is a non issue. Is it a good idea to contact our local Authority to obtain clarification that the buyers are looking for.

It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)

How does conveyancing in Goodmayes differ for newly converted properties?

Most buyers of new build property in Goodmayes come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because developers in Goodmayes typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Goodmayes or who has acted in the same development.

I have been on the look out for a leasehold apartment up to £195,000 and found one close by in Goodmayes I like with a park and transport links nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Goodmayes in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?

Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may request that they start the process of the extension and then assign 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 lawyer regarding this matter.

I dont have enough spare cash to pay a 10% deposit on my apartment purchase in Goodmayes , but I am anxious go ahead. What can I do?

One option is to try and accept a lesser deposit. Many sellers will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment