IfI was to purchase a straightforward homein Billericay mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to have to pay for conveyancing in Billericay?
The only reduction in fees you would achieve is the costs for searches. The lawyer is obliged to do the vast majority of work - money laundering, liaising with the sellers solicitor, stamp duty return, register the ownership etc. You might save a bit for them not having to register a mortgage however it will not be a lot.
Forgive me if this question is silly but I am wet behind the ears as a 1st time buyer of a garden flat in Billericay. Do I pick up the keys to the premises on completion from my conveyancer? If so, I will appoint a local conveyancing solicitor in Billericay?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s solicitors, and once they have received this, you will be called to collect the keys from the property Agents and start moving into the property. Usually this happens early afternoon.
is it true that all Billericay solicitors on the Clydesdale conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Clydesdale conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of mortgage companies do permit licenced conveyancers on their panel and in such a situation the firms would be overseen by the CLC.
I am due to exchange contracts on my flat. I had a double glazing fitted in May 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Santander are being difficult. The Billericay solicitor who is on the Santander conveyancing panel is recommending indemnity insurance as a solution but Santander are requiring a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What will a local search tell me concerning the property we're buying in Billericay?
Billericay conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for instance Onsearch The local search is essential in every Billericay conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Me and my brother purchased a 4 bedroom Georgian property in Billericay. Conveyancing lawyer represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Billericay and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing solicitor who conducted the conveyancing.
I'm buying my first flat in Billericay with the aid of help to buy. The builders would not reduce the amount so I negotiated £7000 of extras instead. The estate agent told me not to tell my lawyer about this deal as it would put at risk my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Billericay I like with open areas and railway links in the vicinity, however it only has 61 years on the lease. I can't really find anything else in Billericay in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.