We are soon to exchange on the purchase of a house in Pitsea but as a result of damage from some water damage at the property I have was able negotiate compensation from the vendor in the sum of £3k in the form of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process however Virgin Money are not allowing this. Should they have been approached?
The solicitor being on a Virgin Money conveyancing panel is obliged to inform Virgin Money of any amendments to the purchase price. If you prohibit your property lawyer to report the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new conveyancing practitioner for your conveyancing in Pitsea.
My brother-in-law has suggested I instruct a conveyancing solicitor in Pitsea. I I would like to check whether they are on the Norwich and Peterborough Building Society conveyancing panel. Can you assist?
You should e-mail the conveyancer and enquire if they are on the lender panel. Alternatively you should get in touch with Norwich and Peterborough Building Society who may be able to help.
I'm the only recipient of my late mum's estate and I have everything in my name alone, including the my former home in Pitsea. The Pitsea property was put into my name in October. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship could be regarded the same way as if I'd bought the property in October. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Most banks would take a practical view as this requirement chiefly exists to capture the purchase and immediately sell or the wholesaling and assigning of properties.
I have decided to exercise my right to buy my property in Pitsea off the council. I have a mortgage agreed with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
Nottingham have agreed my mortgage in principle, my bid on a house in Pitsea has been accepted, what are the next steps?
The property agent will wish to be informed of your conveyancing practitioner's details (ensure that the lawyers are on the bank’s panel). Telephone Nottingham or the broker and finalise any appropriate paperwork. Nottingham will appoint a valuer who will get in touch with the selling agent or vendor to book an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Nottingham will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Pitsea.
My partner and I are planning on selling our home in Pitsea and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Pitsea conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a web based conveyancing outfit as opposed to a conveyancing solicitor in Pitsea. Having lived in Pitsea for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How can the Landlord & Tenant Act 1954 affect my business offices in Pitsea and how can you help?
The 1954 Act affords protection to commercial lessees, granting the legal entitlement to apply to court for a renewal lease and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Pitsea is one of our hundreds of locations in which our lawyers are based
How much experience do your Pitsea conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Pitsea conveyancing lawyers help thousands of buyers move home every year and helped plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Pitsea conveyancers have worked on recent similar cases.