In the event thatI was to acquire a straightforward homein Saffron Walden for cash and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Saffron Walden?
The only saving you would achieve is the Saffron Walden conveyancing searches. The property lawyer is required to do the vast majority of work - money laundering, liaising with the vendors conveyancer, stamp duty return, register the ownership etc. A marginal saving might be made by not having to register a charge however it won't be a lot.
I purchased a freehold premises in Saffron Walden but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Saffron Walden and has limited impact for conveyancing in Saffron Walden but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
is it true that all Saffron Walden solicitor practices on the Nottingham conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Nottingham conveyancing panel they would need to be regulated by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
We had selected conveyancing lawyers located in Saffron Walden on the Santander solicitor approved list. They have just invoiced me a further sum for handling the Santander mortgage. Is this an additional conveyancing fee specified by Santander?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to levy a fee for this. This charge is not dictated by Santander but by your Saffron Walden conveyancer. Plenty of firms on the Santander panel will charge ’dealing with mortgage’ fee and others do not.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Saffron Walden property lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
What tools are available to identify a Saffron Walden law firm on the Nottingham Building Society conveyancing panel? I have wheels and am willing to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this page. Please pick a mortgage company and your location and you will see a number of Saffron Walden conveyancing lawyers located nearest you. We have detailed some Saffron Walden conveyancing firms towards the end of this page and you can ring them to check if they are on the Nottingham Building Society member panel
We are 17 days into a residential purchase having been recommend to a firm by the high street agent to handle our conveyancing in Saffron Walden. We are not happy. Could you help me find new lawyers?
They would need to be really poor in order to consider replacing them. Has your mortgage offer been sent? If so you will need to make them aware of the replacement lawyer and ensure the mortgage documents are issued to the new lawyers. Your solicitor ideally needs to be on the banks approved list to avoid added expenses and delays. So that should be your first question of the new conveyancers. Our search tool can help you find a bank approved conveyancer for your conveyancing in Saffron Walden
Me and my partner have just had an offer agreed on a apartment and had an appointment on Tuesday with the Post Office for the mortgage. They have informed us that when it comes to choosing a conveyancer that if they are not on their approved panel of conveyancers then we will have to pay out an extra charge of about two hundred pounds. This is is due to the fact that they will then have to select a conveyancer to act for them in addition to the one we select for ourselves and we are liable for their costs. I have requested the Post Office to supply me with a list so I can seek quotes only from their approved solicitors but was told they dont have such a list to hand over. What would be the best way of going about this?
You can enquire of the Post Office what their panel criteria is for a conveyancer.Thereafter ask the conveyancer of your choice whether they meet the criteria and have they acted on loans for the Post Office in the past. If the answer to those is yes, then just double check with the Post Office. Alternatively please utilise our search facility and we may be able to identify a conveyancing practitioner in Saffron Walden on the panel for the Post Office.