I have given 8 weeks notice to my existing landlord and have to vacate my rented apartment in South Ockendon by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in 4 weeks as I wish to avoid having to move into short term accommodation?
It is unwise to provide notice on a rental unless your lawyer suggests that you should. If you have not previously done so, update to your solicitor and request that they cajole the sellers side, try to get a realistic time scale from them that all parties will look towards
Having sold my house in South Ockendon last May but my buyer keeps SMS messaging me complaining that their solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your conveyancer should send the transfer documentation and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also confirm that the home loan has been paid off to the purchasers lawyers. There are no post completion steps specific conveyancing in South Ockendon.
We are hoping to buy a newly converted flat in South Ockendon with a mortgage from Bank of Ireland.We like our South Ockendon conveyancing practitioner but Bank of Ireland informed us she’s not on their approved list of member firms. We have to appoint a Bank of Ireland panel firm or keep our preferred solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Bank of Ireland use our lawyer?
No, not really. The mortgage offered to you contains terms and conditions, one of which will be that conveyancers needs to be on the Bank of Ireland solicitor panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Bank of Ireland
I am looking for a leasehold apartment up to £235,500 and identified one near me in South Ockendon I like with open areas and railway links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in South Ockendon in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I'm remortgaging my current house to a BTL loan with Chelsea Building Society and I will use the ballance of the raised equity towards a second property. The neighborhood we are interested in is South Ockendon. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this page to ensure that the conveyancers are approved by both lenders. Assuming that they are the lawyer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make clear your desired outcome and requirements.