Having been recommended your organisation we were about to go ahead with a conveyancing solicitor in Chelmsford listed on your site but stumbled across alternative quotes on the internet look cheaper – why is this?
There are numerous conveyancing companies offering what appear to be extremely cheap conveyancing in Chelmsford. We would encourage you to think twice as to how important this transaction is to you that you are willing to take 'cheap' risks with regard to the quality of the legal work. Some embed fees well inside the terms and conditions. The solicitors that we put forward for conveyancing in Chelmsford neverbehave this way.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Chelmsford?
Two types of professional can perform conveyancing in Chelmsford namely licenced conveyancers or solicitors. The two can administer the legal services that you need to complete the disposal or acquisition of property. They are both duty bound to handle Chelmsford conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that all requirements and procedures should be accurately taken.
My husband and I have arranged the release of further monies on our mortgage from Yorkshire BS as we want to conduct improvements to our property in Chelmsford. Are we obliged to select a nearby Chelmsford solicitor on the Yorkshire BS conveyancing panel to handle the legals?
Yorkshire BS don't usually appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS list.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Chelmsford bank branch on numerous occasions and was informed it wasn't an issue and they will lend. My Chelmsford conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they will not lend based on their published requirements. Who do I believe?
Provided that the lawyer is on the mortgage company panel, they must follow the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Are there restrictive covenants that are commonly identified during conveyancing in Chelmsford?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Chelmsford. 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…’
I am looking for a ground for flat up to £195,000 and identified one near me in Chelmsford I like with amenity areas and railway links nearby, however it's only got 51 years on the lease. There is not much else in Chelmsford in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan that many years will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Do I need to be suspicious about estate agents that I am dealing with are recommending a factory type conveyancing firm rather than a local Chelmsford conveyancing company?
As with lots of service providers, often recommendations from relatives can be most helpful. But there are lots of parties with a keen interest in a conveyancing matter; estate agents, financial adviser and lenders might all put forward solicitors to appoint. On occasion the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there might be a financial incentive behind the recommendation. You have the discretion to appoint your own lawyer. However, bear in mind that the majority of mortgage providers operate an approved list of solicitors you have to use for the lender related work in your transaction.
My wife and I accepted an offer on a Chelmsford house we inherited seven years ago in 2011. I have over 12 years conveyancing knowledge and, now retired, wish to undertake the legal work. The buyer's solicitor has informed me that their building society will not allow us to do our own conveyancing insisting the funds to be released via a solicitor's bank account.
Mortgage instructions to lawyers from all CML members state that If the seller does not have legal representation the buyer’s lawyers should check whether the mortgage company needs to be told so that a decision can be made if they are prepared to move forward.