Can the conveyancing lawyers that you recommend carry out conveyancing in Colchester by way of an attended exchange?
We do have a number of conveyancing specialists carrying out attended exchanges. You should contact us to obtain a costs illustration and details as to dates.
I am helping my aunt sell her flat in Colchester. Will the solicitor arrange the EPC or should I organise this?
After the demise of HIPs, energy assessments was retained a mandatory component of moving house. An energy assessment needs to be commissioned prior to the property being put on the market. It is not something that lawyers ordinarily organise. If you are using a Colchester conveyancing solicitor they might be willing to arrange energy performance certificates given their contacts with long established local assessors
Last month we had a mortgage agreed in principle with Virgin Money. Colchester conveyancing lawyers have been chosen. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
There is no definitive answer here. Have Virgin Money done the survey? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Colchester building society branch on various occasions and was advised it wasn't an issue and they will lend. My Colchester conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the property lawyer is on the lender approved list, they must comply with the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 left on the lease.
What is different about your site and other internet conveyancing brokers when it comes to conveyancing in Colchester?
At this site secure a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Colchester. Unlike many estate agents and many comparison sites we do not charge firms a fee if you instruct them for your conveyancing in Colchester
In surfing the world wide web for the words conveyancing in Colchester it brings up many property lawyerslocally. With so much choice what is the best way to find the suitable property lawyer for me?
The preferential way of seeking a suitable conveyancer is through a personal testimonial, so seek the guidance of friends and those you trust who have purchased a property in Colchester or a reputable estate agent or financial adviser. Fees for conveyancing in Colchester vary, so it's sensible to request a minimum of three quotes from varying types of conveyancers. Dont forget to clarify that the charges are guaranteed not to increase.
Completion is due on the disposal of our £425,000 flat in Colchester in just under a week. The management company has quoted £336 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Colchester?
Colchester conveyancing on leasehold apartments more often than not requires the buyer’s solicitor sending questions for the landlord to address. Although the landlord is not legally bound to address these enquiries most will be content to assist. They are entitled to levy a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee demanded by the landlord must be sent together with a synopsis of rights and obligations in respect of administration fees, otherwise the charge is technically not due. Reality however dictates that one has little option but to pay whatever is demanded if you want to complete the sale of your home.
I bought a studio flat in Colchester, conveyancing formalities finalised December 1996. Can you work out an approximate cost of a lease extension? Comparable properties in Colchester with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease ends on 21st October 2086
With only 61 years left to run we estimate the premium for your lease extension to span between £18,100 and £20,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
When it comes to my conveyancing in Colchester should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Colchester conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.