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Find a Colchester Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Colchester? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Colchester home move at risk of delay or failure.

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Recently asked questions about conveyancing in Colchester

My IFA says he needs my Colchester law firm’s panel reference for the Nationwide conveyancing panel. What is the best way to find this out. I have contacted my local Colchester branch but they have not got back to me yet.

You are best placed to get this information from your Colchester conveyancer . Most Colchester conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.

My wife and I intend to remortgage our penthouse in Colchester with UBS. We have a son 19 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the UBS conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?

On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to UBS. This is solely used to protect UBS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of UBS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

We are purchasing a property in Colchester. It might be a silly question but how we can trust a lawyer? On completion day we will need to send money into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

We are purchasing a terrace house in Colchester. We would like to an extension at the rear at the property.Will the conveyancing process involve checks to determine if these works are prohibited?

Your property lawyer should review the registered title as conveyancing in Colchester will sometimes reveal restrictions in the title documents which restrict categories of changes or need the consent of a 3rd party. Many extensions require local authority planning consent and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be prudent to check these things with a surveyor ahead of any purchase.

Completion of my remortgage has taken place for my property in Colchester. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?

Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.

My wife and I have a 4 bedroom Edwardian property in Colchester. Conveyancing solicitor represented me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the matching property. Is it worth asking Barclays Direct to clarify?

You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Colchester and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing solicitor who conducted the purchase.

Can you provide any top tips for leasehold conveyancing in Colchester from the perspective of saving time on the sale process?

  • A significant proportion of the delay in leasehold conveyancing in Colchester can be bypassed where you appoint lawyers as soon as your agents start advertising the property and ask them to collate the leasehold documentation which will be required by the purchasers’ representatives.
  • If you have had any disputes with your freeholder or managing agents it is very important that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may have to bite the bullet and 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 prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to present the dispute as historic as opposed to ongoing. Many landlords or Management Companies in Colchester charge for providing management packs for a leasehold home. You or your lawyers should enquire as to the actual amount of the charges. The management information sought on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Colchester. If you have carried out any alterations to the premises would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Colchester state that internal structural alterations or installing wooden flooring require a licence from the Landlord acquiescing to such works. If you dont have the approvals to hand you should not contact the landlord without checking with your conveyancer in advance. If you hold a share in a the freehold, you should ensure that you have the original share certificate. Arranging a re-issued share certificate is often a lengthy formality and delays many a Colchester conveyancing deal. Where a duplicate share certificate is necessary, do contact the company officers or managing agents (where relevant) for this as soon as possible.

Colchester Leasehold Conveyancing - Examples of Questions you should consider Prior to buying

    Its a good idea to find out as much as possible concerning the managing agents as they can either make your life much easier or a lot more difficult. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to every day issues like the tidiness of the communal areas. Ask other tenants what they think of them. In conclusion, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically how they are spending the funds. On the whole the outlay for major works tend not to be included within service charges, albeit that there some managing agents in Colchester require tenants to contribute towards a sinking fund created for the specific purpose of building a fund for larger repairs or maintenance. It is important to be aware whether redecorating or some other significant cost is pending to be shared by the tenants and could well materially impact the level of the maintenance fees or necessitate a specific payment.

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