Recently contacted my conveyancing lawyer in Epping who completed the legal work two years ago requesting a conveyancing costs illustration based on the same type of house sale & purchase (a leasehold residence and a freehold premises) of similar values with a mortgage from HSBC Bank. I am now being quoted double. Stick with what I know or do I try and find an alternative conveyancer?
The estimate does seem a little on the high side. If you are prepared to expend time contrasting costs you could get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, assuming were content with the service the firm provided you maylive to regret opting for an an unknown conveyancer. Don't forget to enquire the solicitor can represent HSBC Bank. You can employ our search tool to find a Epping conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Epping.
Do the Building Society Association intend to launch a online directory to to identify law firms on the Coventry BS conveyancing panel for example in Epping?
We would not expect to be advised of any intention on the part of the BSA to promote such a tool.
I have justfound out that Stirling Law have been shut down. They carried out my conveyancing in Epping for a purchase of a freehold house 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Epping conveyancing specialists.
I am buying a new build house in Epping with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not to tell my solicitor about the side-deal as it would affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am looking into buying my first house which is in Epping and I am already nervous. I couldn't find anything specific about Epping. Conveyancing will be needed in due course but do you know about the Epping area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Epping. In the meantime here are some basic statistics that we found
Do you have any advice for leasehold conveyancing in Epping from the point of view of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Epping can be reduced where you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold documentation which will be required by the buyers’ lawyers. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to reveal the dispute as over rather than unresolved. A minority of Epping leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If you have the benefit of shareholding in the Management Company, you should ensure that you hold the original share certificate. Organising a new share certificate can be a time consuming formality and delays many a Epping home move. Where a duplicate share certificate is necessary, do contact the company officers or managing agents (where applicable) for this as soon as possible. In the event that you altered the property did you need the Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Epping state that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord approving such alterations. Where you fail to have the paperwork in place do not contact the landlord without checking with your lawyer before hand.
I inherited a 1st floor flat in Epping, conveyancing formalities finalised 7 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Epping with over 90 years remaining are worth £201,000. The ground rent is £45 yearly. The lease ceases on 21st October 2089
With 65 years left to run the likely cost is going to range between £13,300 and £15,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.