Me and my partner are acquiring a maisonette in Colchester. My Conveyancer has never been on on the lender solicitor list. Am I still permitted to continue with my Colchester conveyancing solicitor even though they are excluded from the lender approved list?
One must instruct a property lawyer to deal with the formalities if you require a loan to purchase your home. The conveyancing practitioner will conduct all the essential investigations on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage paperwork is dealt with. One may select a Colchester property lawyer of your choice. Nevertheless, if the conveyancing practitioner selected is not on the bank solicitor panel further costs will be levied as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so provided your lawyer has not in the past sought membership they can do so.
We are buying our first property. Our conveyancing practitioner has texted usto ask if we wish to take out supplemental conveyancing searches. We are really unsure what's recommended for conveyancing in Colchester
The extent of Colchester conveyancing searches should be triggered based entirely on the premises, the location, the probability of any of these risks, your knowledge of the locality and risks, your overall attitude to risk. What matters is that you properly comprehend what information the searches could give you. You may then decide if you consider that you need that information. If in doubt, ask the conveyancer to recommend.
Having sold my house in Colchester last November but our buyer keeps e-mailing me to say her conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your solicitor is duty bound to forward the transfer documentation and all supplemental paperwork to the purchaser's lawyers. If applicable, your solicitor must also confirm that the home loan has been discharged to the buyers solicitors. There is unlikely to be post completion formalities specific conveyancing in Colchester.
Me and my brother own a 4 bedroom Georgian property in Colchester. Conveyancing solicitor represented me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Colchester and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing practitioner who completed the work.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Colchester is where the house is located. Can you shed any light on this issue?
Flying freeholds in Colchester are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Colchester you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Colchester may ascertain 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 premises.
I was recommended by three or four local property agents in Colchester to choose a solicitor on your site. Is there a financial advantage for Estate Agents to offer your lawyers rather than alternative conveyancing organisations?
We refuse to give any financial incentive for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.