Willretaining a Colchester conveyancing practice make the home moving process easier?
In the main conveyancing lawyers in your neck of the woods will enjoy excellent alliances with your local authority, which could assist with your Colchester conveyancing searches that your solicitor will inevitably need. It also helps if they enjoy good relationships with the Local Land Registry Office your area Colchester, other lawyers in the area and Colchester selling agents.
We expect to receive a DIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Colchester solicitors on the Principality conveyancing panel, or is it better to go independently?
You will need to appoint Colchester 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 have today made my last payment due on my mortgage with Skipton. I assume I don't need a Colchester solicitor on the Skipton panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I have finally had an offer on an apartment in Colchester accepted, the vendors do nevertheless have an associated purchase. The sellers have offered on a property, however it’s not yet agreed to, and have viewings of other properties in the pipeline. I have chosen a nearby conveyancing solicitor in Colchester. What should be my next step? At what stage should I apply for the mortgage with Co-operative?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then survey, Colchester conveyancing search costs, etc). First, you must ensure that your conveyancer is on the Co-operative approved list. As to the subsequent stages this very much depends on the uniqueness of your transaction, attraction to the property and on the state of the market. During a rising market some home buyers will apply for the mortgage with Co-operative and arrange for the valuation and only if it comes back ok would they ask their solicitor to press on with searches.
Various online forums that I have come across warn that are the main reason for stalling in Colchester conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Colchester.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Colchester. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Colchester
-
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Due to the encouragement of my in-laws I had a survey completed on a property in Colchester prior to instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders may not issue a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Colchester. Conveyancing will be smoother if you use a solicitor in Colchester especially if they are familiar with such properties in Colchester.
Should I use a Colchester conveyancing practitioner in close proximity to the house I am buying? An old friend can carry out the conveyancing however they are based over three hundred kilometers away.
The benefit of a high street Colchester conveyancing practice is that you can drop in to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that should outweigh using an unfamiliar Colchester conveyancing solicitor solely due to them being round the corner.