Unfortunately I am unable to travel far from Ongar. Is there a reason why all Ongar conveyancers are not on all bank panels?
As unjust as it may appear for banks to limit who can represent them, from the public’s or conveyancer’s viewpoint, the other side of the coin is that mortgage companies are increasingly anxious and consider it vital to defend themselves from mortgage fraud. As a result of this concern lenders have reduced their conveyancing panel to a size that they are happy to control.
Can the conveyancing solicitors Indexed on your site execute auction conveyancing in Ongar?
There are a number of auction practitioners we can connect you with those specialising in auction conveyancing. Ongar is one of our areas of where our lawyers cover.
How does conveyancing in Ongar differ for new build properties?
Most buyers of new build residence in Ongar approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Ongar tend to acquire 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 property lawyers 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 used to new build conveyancing in Ongar or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Ongar I like with a park and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Ongar in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I need to appoint a conveyancing solicitor for some conveyancing in Ongar. I have chance upon a web site which seems to have the perfect answer If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Me and my partner are planning to purchase a four bedroom housein Ongar with a mortgage from a lender. We like our solicitor in Ongar but our mortgage company inform us now that he's not on their "panel". We have to appoint from the our bank panel firms or keep our Ongar solicitor and incur the extra legals for one of their panel ones to represent our bank. This seems very unfair; is there anything we can do?
No, not really. The lender mortgage issued is subject to conditions, one of which will be that solicitors will on the bank's conveyancing panel. in the past, most banks had open panels, including most conveyancing solicitors in Ongar : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your lender.