We are soon to complete buying a house in Epping but as a result of damage from the recent storms I have managed to agree recompense from the current proprietors of £2k taking the form of a deduction in the price. This was going to be addressed as part of the conveyancing process yet Barclays will not permit this. Should they have been approached?
Any property lawyer being on a Barclays conveyancing panel is required to advise Barclays of any variations to the purchase price. If you were to refuse your conveyancing practitioner 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 conveyancer for your conveyancing in Epping.
We see that you have a post code search directory identifying law firms on the Kent Reliance conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Epping?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Epping.
In reviewing online forums for a conveyancing solicitor in Epping, most advise that I should instruct a CQS kitemarked lawyer. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's major banks. Four years ago the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). The scheme does not cover licenced conveyancers. Epping is one of the numerous areas of the UK where there are CQS lawyers.
Just bought a detached house in Epping , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Epping conveyancing solicitor works at snail pace, so I want to check that my purchase is recorded.
There is nothing unique about conveyancing in Epping registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and if the Land registry must send notices to any other persons or bodies. Currently roughly 80% of submission are fully dealt with in less than three weeks but occasionally there can be longer delays. Registration takes place after the purchaser is living at the property thus an expedited registration is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers must contact the land registry and explain the circumstances.
I'm buying my first flat in Epping with the aid of help to buy. The sellers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not reveal to my solicitor about the deal as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Expecting to exchange soon on a leasehold property in Epping. Conveyancing solicitors have said that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Epping should include some of the following:
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Details of the parties to the lease, for example these could be the tennant, superior lessor, freeholder Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? What you can do if another tenant in the building breaches a clause of their lease? You should know if the lease permits you to alter or upgrade aspects of the flat- you should be made aware as to whether any restrictions applies to all alterations or limited to structural alteration, and whether consent is mandated necessary
I purchased a studio flat in Epping, conveyancing having been completed in 1997. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Epping with a long lease are worth £206,000. The ground rent is £45 yearly. The lease expires on 21st October 2091
With just 66 years left to run we estimate the premium for your lease extension to be between £12,400 and £14,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.