My IFA says he needs my Dunmow solicitor’s panel reference for the Nat West conveyancing panel. Can you suggest how I discover this. I have contacted my local Dunmow office but they cant find it on their system.
You are best placed to get this information from your Dunmow property lawyer . Most Dunmow law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
Having sold my house in Dunmow last August but my buyer keeps telephoning me to say his lawyer is waiting to hear from mine. What should have happened following completion?
Post completion of your disposal your solicitor should send the transfer documentation and all additional paperwork to the buyer’s solicitors. If applicable, your lawyer should also evidence that the legal charge in favour of the lender has been discharged to the buyers lawyers. There are no post completion tasks just for conveyancing in Dunmow.
Is there a search tool that I can utilise to discover of the solicitor conducting my conveyancing in Dunmow is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for TSB thus spending £187.00 plus VAT in further legal charges.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the mortgage company and type ‘Dunmow’ or your location and you will see numerous solicitors located in Dunmow or nearest you.
We previously chose conveyancers based in Dunmow on the Nottingham solicitor panel. They have just billed me a further sum for the legal aspects of the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your property lawyer may levy a fee for this. The fee is not set by Nottingham but by your Dunmow conveyancing practitioner. Some firms on the Nottingham panel will quote an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
My wife and I have arranged a further advance on our mortgage from Leeds Building Society as we want to conduct alterations to our house in Dunmow. Do we need to select a local Dunmow solicitor on the Leeds Building Society conveyancing panel to deal with the paperwork?
Leeds Building Society do not ordinarily appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society conveyancing panel.
I am expecting a OIP from Barclays this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Dunmow solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Dunmow solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Dunmow is where the house is located. Is there any advice you can impart?
Flying freeholds in Dunmow are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Dunmow you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dunmow may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am a negotiator for a reputable estate agency in Dunmow where we have experienced a few leasehold sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local Dunmow conveyancing firms. Please can you clarify whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Dunmow - Examples of Questions you should ask Prior to buying
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What is the the remaining lease term? On the whole the cost for major works are not wrapped into the maintenance charges, albeit that some managing agents in Dunmow ask leasehold owners to pay into a sinking fund created for the specific purpose of establishing a fund for larger works.