How do I identify reasonably priced conveyancing in Great Baddow?
Option 1 is to ask your friends and family who they used in the past and if they were happy with the service.
Option 2 is to search the web for conveyancing in Great Baddow. Phone two or three listed and ask them to send you their conveyancing estimate and have a conversation with the lawyer who will handle the legal process prior tocommitting.
Third is to use this site to assist you in finding the right solicitors taking into account your unique factors including location,deadlines, complexity and who the proposed lender is. Don't take the bait of ninety nine pound conveyancing in Great Baddow
What does my ID and proof of funds have anything to do with my conveyancing in Great Baddow? Is this really warranted?
To satisfy the Money Laundering Regulations any Great Baddow conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, property lawyers are obliged by law to ascertain not simply the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
I had intended to instruct a property lawyer in Great Baddow for our home move. Our broker informed us that our mortgage company Coventry Building Society won't deal with them. Why is this not regarded as unfair competition?
A decade ago most lenders had an appetite for risk which was higher than today. Almost all Great Baddow conveyancing firms would have been on many bank panels. The Financial Services Authority in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms regarding their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum amount of conveyancing. Many Great Baddow conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Great Baddow is amongst the thousands of locations where the conveyancers we list are members of the panel for Coventry Building Society.
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a ground floor flat in Great Baddow. Do I collect the keys to the property on completion from my lawyer? If so, I will use a local conveyancing solicitor in Great Baddow?
On the day of completion you do not need to attend the conveyancers office in Great Baddow. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you will be able to collect the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
Two weeks ago we had a mortgage agreed in principle with Principality. Great Baddow conveyancing lawyers are chosen. How long does it take for Principality to send the offer to the lawyer?
Some lenders take longer than others. Have Principality conducted the survey? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Co-operative have agreed my home loan in principle, my bid on a apartment in Great Baddow has been accepted, what are the next steps?
The estate agent will want to be advised as to your property lawyer's details (ensure that the property lawyers are on the bank’s approved list). Call up Co-operative or the financial adviser and finish off any outstanding paperwork. Co-operative will sellect a valuer who will get in contact with the selling agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Co-operative will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Great Baddow.
What advice can you give us when it comes to appointing a Great Baddow conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a solicitor for your lease extension (regardless if they are a Great Baddow conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Great Baddow conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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How many lease extensions has the firm carried out in Great Baddow in the last year?
Great Baddow Leasehold Conveyancing - Sample of Queries Prior to buying
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What restrictions are contained in the Great Baddow Lease? It is important to be aware if changing the roof or some other significant cost is due in the near future that will be shared amongst the leasehold owners and will dramatically impact the level of the service fees or require a specific payment. How much is the ground rent and service charge?
A conveyancing company handled my conveyancing in Great Baddow half a dozen years ago and was holding my deeds but has now closed – how do I get hold of these?
Title deeds, as such, no longer exist as the majority of properties in Great Baddow are recorded electronically at Land Registry. Should you need to establish ownership or are selling or refinancing your property lawyer can obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.