My fiance and I are looking to acquire a house in South Woodham Ferrers and are in fact using a South Woodham Ferrers conveyancing firm. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Godiva Mortgages Ltd have this morning contacted us to inform me that there is now an issue as our South Woodham Ferrers conveyancer is not on their approved list of lawyers. What do we do from here?
When purchasing a property with mortgage finance it is standard for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own South Woodham Ferrers solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
My wife and I are purchasing a apartment in South Woodham Ferrers. I might seem paranoid but how we can trust a conveyancer? On completion day we have to send our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all South Woodham Ferrers conveyancing solicitors on the Virgin Money conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the SRA. Many mortgage companies do allow licenced conveyancers on their panel and in that case the firms would be overseen by the Council of Licensed Conveyancers.
We were going to get a AIP from Principality this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Principality recommend any South Woodham Ferrers solicitors on the Principality conveyancing panel, or is it better to go independently?
You will need to appoint South Woodham Ferrers solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I require fast conveyancing in South Woodham Ferrers as I am faced with pressure to sign on the dotted line in less than one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are not taking a mortgage you are at free not to do searches although no lawyer would suggest that you don't. With plenty of history conveyancing in South Woodham Ferrers the following are instances of what can be revealed and therefore impact future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
Are there restrictive covenants that are commonly identified as part of conveyancing in South Woodham Ferrers?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in South Woodham Ferrers. 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…’
Due to sign contracts shortly on a garden flat in South Woodham Ferrers. Conveyancing lawyers inform me that they are sending me a report next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in South Woodham Ferrers should include some of the following:
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The physical extent of the property. This might be the apartment itself but could also incorporate a loft or storage are if appropriate. Whether the lease restricts you from letting out the property, or working from home Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? if lease has a provision for a slush account for major works? Who has the liability for maintaining the window frames
I bought a split level flat in South Woodham Ferrers, conveyancing formalities finalised May 2000. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in South Woodham Ferrers with an extended lease are worth £206,000. The ground rent is £45 per annum. The lease terminates on 21st October 2092
With 66 years unexpired we estimate the price of your lease extension to be between £11,400 and £13,200 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
I am planning to acquire a flat and require a conveyancing solicitor in South Woodham Ferrers who is on the bank conveyancing panel. Can you recommend a South Woodham Ferrers or local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who do conveyancing in South Woodham Ferrers. We dont recommend any particular solicitor.