Why do I have to pay up front when it comes to conveyancing in Ongar?
Where you are retaining lawyers for conveyancing in Ongar your solicitor will request that you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the total price then this will be needed shortly before exchange of contracts. Any further balance that is needed should be sent to your lawyer shortly before completion.
My brother-in-law has suggested I instruct a conveyancing solicitor in Ongar. I need to find out whether they are on the Santander conveyancing panel. Could you or the lender confirm if they are on the panel?
You should phone the conveyancer and enquire whether they can act for the lender. Alternatively please get in touch with Santander who may be able to confirm.
Should commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Ongar?
Its becoming the norm that commercial conveyancing solicitors in Ongar will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Ongar. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Ongar.
For every commercial conveyancing transaction in Ongar it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Ongar commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Ongar.
Are there restrictive covenants that are commonly identified during conveyancing in Ongar?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ongar. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Ongar differ for new build properties?
Most buyers of new build premises in Ongar approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Ongar typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ongar or who has acted in the same development.
Are there any distinct advantages to selecting a high street solicitor in Ongar
Many purchasers and sellers in Ongar prefer a local conveyancing practitioner so that they can visit if they have concerns, and to sign paperwork without using the Royal Mail.
One could suggest that there is a slight benefit when using a property lawyer nearby to a premises you are buying, due to the familiarity of the region and possible local issues - however this is moot. Most conveyancers are now via the internet and may be almost anywhere.