As someone not used to the Billericay conveyancing process what is the number one tip you can impart for the ownership transfer in Billericay

Not many law firms shout this from the rooftops but conveyancing in Billericay or throughout Essex is an adversarial experience. In other words, when it comes to conveyancing there is lots of room for confrontation between you and others involved in the legal transfer of property. For example, the seller, selling agent and even potentially a lender. Selecting a lawyer for your conveyancing in Billericay should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the process whose role it is to look after your legal interests and to keep you safe.

On occasion a third party with a vested interest may attempt to sway you that it is in your interests to do things their way. For example, the estate agent may claim to be assisting by suggesting your solicitor is slow. Or your financial adviser may try to convince you to do take action that is contrary to your solicitors guidance. You should always trust your lawyer above all other parties in the home moving process.

Should commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Billericay?

Many commercial conveyancing solicitors in Billericay will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Billericay. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Billericay.

For each commercial conveyancing transaction in Billericay it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Billericay commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Billericay.

I'm remortgaging my existing house to a BTL mortgage with HSBC Bank and I will use the ballance of the raised equity towards further property. The area we are interested in is Billericay. Will your solicitors be able to act for both sets of lenders and tie in the conveyances?

Do use our comparison tool on this site to check that the lawyers are on the appropriate lender panels. Assuming that they are your conveyancer will be able to tie up the two transactions but you should have a chat with you solicitor and make clear your desired outcome and requirements.

What makes a Billericay lease unacceptable for security purposes?

There is nothing unique about leasehold conveyancing in Billericay. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. The following missing provisions could result in a defective lease:

Clauses dealing with recovering service charges for expenditure on the building or common parts.

A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Coventry Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the purchaser to withdraw.

I acquired a leasehold flat in Billericay, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Billericay with over 90 years remaining are worth £195,000. The ground rent is £45 levied per year. The lease ceases on 21st October 2088

With 63 years remaining on your lease we estimate the price of your lease extension to range between £16,200 and £18,600 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. 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 placing reliance on this information without first seeking the advice of a professional.

My wife and I have selected a Billericay conveyancing solicitor for our home move (FTB’s) and have picked up in the Ts and Cs that they are not regulated by the FCA. Am I right to be concerned or is that the norm with conveyancing practitioner?

We can't see why they should be. Most solicitor don't lend money. You should check that they are governed by the SRA, who dictate strict rules in place on funds deposited on client account.