I am soon to exchange buying a property in Canvey Island but as a consequence of damage from the recent storms I have was able negotiate reparation from the seller of £2k taking the form of a reduction in the price. This was going to be dealt with as part of a side agreement but Barclays will not permit this. Why were they informed?
Your property lawyer that is on a Barclays approved list is required to disclose to Barclays of any amendments to the sale price. If you were to refuse your conveyancer to notify the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new solicitor for your conveyancing in Canvey Island.
When does exchange of contracts occur in domestic conveyancing in Canvey Island and do I need to be at the conveyancers office?
If you are in close proximity to one of the conveyancing solicitors in Canvey Island you are welcome to come in to sign documents. That being said, the firms we work with provide a countrywide conveyancing service and give just as comprehensive and professional a job for you when communicating with you digitally. The signing of the property agreement is not the point of no return. A signed contract is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Canvey Island)to be in the office at the appropriate time.
I am helping my niece sell her flat in Canvey Island. Will the solicitor arrange an energy performance certificate or do I organise this?
After the abolition of Home Packs, energy performance certificates was retained a mandatory element of moving house. An energy performance certificate should be to hand before the property is put on the market. It is not as aspect of the sale process that solicitors normally organise. Where you are using a Canvey Island conveyancing lawyer they may help arrange energy performance certificates due to their contacts with reputable Canvey Island accredited person
I have decided to exercise my right to buy my property in Canvey Island off the council. I have a mortgage offer with RBS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
I am due to exchange contracts on my apartment. I had a double glazing fitted in November 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham are being a right pain. The Canvey Island solicitor who is on the Nottingham conveyancing panel is saying indemnity insurance will be fine but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am purchasing a new build house in Canvey Island with a mortgage from Coventry Building Society. The builders would not reduce the price so I negotiated 6k of extras instead. The property agent told me not to tell my conveyancer about this deal as it could put at risk my loan with Coventry Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, chain free conveyancing. Canvey Island is where the house is located. Can you shed any light on this issue?
Flying freeholds in Canvey Island are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Canvey Island you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canvey Island may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am looking into buying my first house which is in Canvey Island and I am already nervous. I couldn't find anything specific about Canvey Island. Conveyancing will be needed in due course but do you know about the Canvey Island area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Canvey Island. In the meantime here are some basic statistics that we found