Having sold my house in Great Dunmow last April but the buyer keeps SMS messaging daily to say his lawyer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your solicitor should send the transfer deeds and all of the paperwork to the purchaser's solicitors. Where relevant, your solicitor should also send confirmation that the home loan has been redeemed to the buyers lawyers. There are no post completion steps just for conveyancing in Great Dunmow.
We hope to to purchase with Norwich and Peterborough Building Society. I dropped in a couple of local solicitors yet am unable to find a Great Dunmow conveyancing firm on the Norwich and Peterborough Building Society panel. Can you help?
Feel free to make use of the search tool on this site. Pick the lender and type Great Dunmow or your location and you will see numerous solicitors based in Great Dunmow or by proximity to you.
This question may be naive but I am unseasoned as FTB of a garden flat in Great Dunmow. Do I pick up the keys to the premises on the completion date from my solicitor? If so, I will appoint a local conveyancing solicitor in Great Dunmow?
On the day of completion you will not be required to go to the conveyancers office in Great Dunmow. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s solicitors, and once they have received this, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
Is it the case that all Great Dunmow solicitor practices on the Virgin Money conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the SRA. Some lenders do permit licenced conveyancers on their panel and in such a situation the practice would be regulated by the Council of Licensed Conveyancers.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a Great Dunmow conveyancing practitioner on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
Do I need to take out insurance to protect me from financial exposure to chancel repairs when buying a residence in Great Dunmow?
Unless a previous acquisition of the house completed after 12 October 2013 you may assume that solicitors handling conveyancing in Great Dunmow to continue to suggest a chancel search and or insurance against a claim.
I used Wolstenholmes several years past for my conveyancing in Great Dunmow. Now, I need the documents however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Great Dunmow of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking at a couple of apartments in Great Dunmow which have approximately fifty years left on the leases. should I be concerned?
There are plenty of short leases in Great Dunmow. The lease is a right to use the property for a prescribed time frame. As a lease gets shorter the value of the lease reduces and it becomes more expensive to extend the lease. This is why it is generally wise to extend the lease term. It is often difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena.
I own a 1 bedroom flat in Great Dunmow, conveyancing formalities finalised in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Great Dunmow with an extended lease are worth £195,000. The ground rent is £45 charged once a year. The lease ceases on 21st October 2089
With just 63 years remaining on your lease we estimate the premium for your lease extension to be between £16,200 and £18,600 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.