I am searching for value for money conveyancer. Should I go for for an online conveyancer rather than a family Colchester conveyancing solicitor?
Colchester is a unique place, where neighbourhood knowledge counts for a lot. The relaxed pace of life is great – just not when it comes to your house move. The conveyancers that we list host vast Colchester intelligence with a positive, hands-onattitude that ensures the conveyancing to progress actively engaging with all parties to reduce communication delays. It is a definite plus if they enjoy good connections with financial advisers, search providers, valuers and counterpart Colchester conveyancing firms
My partner and I are getting closer to an exchange on a property in Colchester and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancing practitioner is obliged to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am buying a new build house in Colchester with a loan from Coventry Building Society. The builders refused to reduce the amount so I negotiated £7000 of additionals instead. The property agent advised me not to tell my conveyancer about the extras as it may affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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 flat up to £235,500 and identified one round the corner in Colchester I like with amenity areas and transport links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Colchester suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage that many years may be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
How does the Landlord & Tenant Act 1954 impact my business premises in Colchester and how can your lawyers assist?
The particular law that you refer to provides security of tenure to commercial leaseholders, giving them the a statutory right to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Colchester is one of the hundreds of locations in which our lawyers are located
My estate agent has suggested using their lawyer for the conveyancing in Colchester - won’t it be better to just instruct them?
It is not always the case and you are entitled to use whichever lawyer you prefer for your Colchester home move. A solicitor recommended by an estate agent may not always be the best conveyancing practitioner, they may suggest their preferred conveyancing firm who are based far away. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.