We were about to choose a conveyancing solicitor in Colchester listed on your site but stumbled across alternative costs illustrations via the web appear cheaper – how come?
There are plenty of conveyancers advertising what appear to be the cheapest conveyancing in Colchester. You should give due consideration as to how important this transaction is to you that want to be penny wise pound foolish concerning the standard of the conveyancing. Many of them list a budget quote to grab your attention but bury supplemental costs in the small print..
Due to complete my purchase in Colchester next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What risks does the mortgage company expect the insurance to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not unique to conveyancing in Colchester.
Can I use your services to recommend a Conveyancing solicitor in Colchester even where I’m not buying or selling a house, for example if I want to acquire an office in Colchester with a mortgage from TSB?
Our comparison service is mainly used to locate domestic conveyancing solicitors in Colchester but we have listed at the bottom of this page some Colchester commercial conveyancing firms. You will need to speak with the firm directly to establish if they are also authorised to represent TSB
How does conveyancing in Colchester differ for newly converted properties?
Most buyers of new build property in Colchester come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Colchester tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Colchester or who has acted in the same development.
What does commercial conveyancing in Colchester cover?
Colchester conveyancing for business premises covers a wide range of advice, offered by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I own a leasehold flat in Colchester. Conveyancing and Skipton Building Society mortgage organised. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Colchester who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Colchester conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Colchester Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
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On the whole the cost for major works are not built into the service charges, albeit that some managing agents in Colchester require tenants to contribute towards a reserve fund and this is used to offset against major works. The best form of lease structure is if the freehold title is owned by the leaseholders. In this situation the leaseholders have being in charge if their destiny and notwithstanding that a managing agent is frequently retained where it is bigger than a house conversion, the managing agent is directed by the tenants.