A loan offer from NatWest for the remortgage of my 4 bedroom maisonette is expected any day now. Could you propose a low cost conveyancing solicitor in Great Dunmow?
This site is not designed to help those in their quest for a cheap conveyancing in Great Dunmow. We can offer you excellent value conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers enticing you with low cost conveyancing in Great Dunmow. At best, in going for cheap conveyancing, you will get your money’s worth and at worst you will end up invoiced for additional fees and still not receive the service expected.
It has been 3 months following my purchase conveyancing in Great Dunmow completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Great Dunmow differ for newly converted properties?
Most buyers of new build or newly converted property in Great Dunmow come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Great Dunmow usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Great Dunmow or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Great Dunmow ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some banks may refuse to give a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. 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 accustomed to dealing with flying freeholds in Great Dunmow. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been recommended by numerous estate agents in Great Dunmow to get a quote from a conveyancer using your seach tool. Is there a financial upside for Estate Agents to market your site rather than alternative conveyancing organisations?
We refuse to give any financial incentive for sending work our way. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I've recently bought a leasehold flat in Great Dunmow. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Great Dunmow - A selection of Questions you should ask before buying
-
The prefered form of lease arrangement is a share of the freehold. In this scenario the leaseholders enjoy control and notwithstanding that a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Is anyone aware of any major works anticipated that will likely add a premium to the service fees? For most Great Dunmow leaseholds the cost for major works tend not to be included within maintenance charges, albeit that some managing agents in Great Dunmow obliged tenants to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance.