I have just been advised by my broker that my Epping property lawyer is not on the bank Conveyancing panel. How can I be certain if this is indeed the case?
The first thing you need to do is to contact your Epping conveyancer. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may be able to suggest a Epping conveyancing practice that is on the approved list of lawyers for your mortgage company.
Do the conveyancing practitioners highlighted via your search tool carry out right to buy conveyancing in Epping?
We have identified plenty of conveyancing solicitors who can handle right to buy transactions Do e-mail the conveyancers listed in order to secure a conveyancing quote.
Will conveyancers ask for an advanced payment when it comes to conveyancing in Epping?
If you are buying a property in Epping your solicitor will ask you to provide them with funds to cover the search fees. Normally this is needed to cover the fees of the Local Authority Search. When the deposit is payable against the purchase price then this will be asked for immediately in advance of contracts are exchanged. The closing balance that is due should be sent to your lawyer shortly before completion.
My flat in Epping is up for sale and I have accepted an offer. Does the conveyancing practitioner have to be on the Co-operative conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Co-operative conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
I have been on the look out for a ground for flat up to £195,000 and found one close by in Epping I like with a park and railway links in the vicinity, however it's only got 52 remaining years left on the lease. I can't really find anything else in Epping for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I am thinking of appointing a conveyancing solicitor in Epping for my purchase. Is there any facility to review a solicitor's complaints history with the profession’s regulator?
Anyone may read documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.