Can the conveyancing lawyers that you recommend handle attended exchange conveyancing in Maldon?
There are a few conveyancing experts carrying out 24hr exchanges. Do e-mail us to obtain a fee calculation and details as to availability.
I had intended to instruct a conveyancing solicitor in Maldon for our house purchase. Our broker has since advised us that our mortgage company Alliance & Leicester won't deal with them. Why is this not regarded as unduly restrictive?
Pre- 2008 most lenders had a different appetite for risk. Almost all Maldon conveyancing firms would have been on many bank panels. The FSA in 2010 conducted a thematic review into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms concerning their operations and their employees and establishing certain criteria such a completing on a minimum number of transactions. Many Maldon conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Maldon is amongst the thousands of areas where the conveyancers showing on our search results are on the panel for Alliance & Leicester .
Please help - my lawyer advises that lack of building regulations insurance is needed on my purchase. What is the level of cover for Maldon conveyancing?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between HSBC Bank and Skipton Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
Are all Maldon Conveyancing Quality Solicitors on the TSB conveyancing list of approved practices?
It is true that some banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
When it comes to lenders such as Coventry BS, do Maldon solicitors incur a yearly amount to be on the list of approved solicitors?
We are unaware of any bank fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I am buying a house and the conveyancer has referenced Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly necessary for conveyancing in Maldon
Unless a prior acquisition of the house took place after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Maldon to continue to advocate a chancel search and or chancel repair liability policy.
I have recentlydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Maldon for a purchase of a freehold house 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Maldon conveyancing specialists.
I today plan to offer on a house that appears to be perfect, at a reasonable figure which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Maldon. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Maldon ?
Most houses in Maldon are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are purchasing in Maldon in which case you should be shopping around for a Maldon conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the property is part of an estate. Your solicitor should appraise you on the various issues.
I own a basement flat in Maldon, conveyancing having been completed in 1996. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Maldon with over 90 years remaining are worth £196,000. The ground rent is £45 invoiced annually. The lease runs out on 21st October 2085
With only 64 years unexpired we estimate the premium for your lease extension to be between £15,200 and £17,600 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.