Do banks and building societies provide you with an approved list of Colchester conveyancing solicitors? How do you know who is on the Co-operative conveyancing panel?
Colchester conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
Can I be sure that the Colchester conveyancing solicitor on the Nationwide panel is any good?
When it comes to conveyancing in Colchester obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing.
The formalities of my purchase has taken place for my property in Colchester. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
After months of negotiation I have agreed a price on an apartment in Colchester. My mortgage broker recommended their conveyancers. I paid an upfront payment of £225. Not long after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
The deeds to my home are lost. The solicitors who handled the conveyancing in Colchester 4 years ago have long since closed. Will I be able to sell the house?
You no longer need to have the physical official documentation to establish that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.
I'm remortgaging my primary home to a BTL mortgage with Platform Home Loans Ltd and I will use the rest of the raised equity as a deposit on further house. The neighborhood we are interested in is Colchester. Will your lawyers be able to act for both sets of lenders and tie in the two deals?
Make use of our comparison tool on this page to be sure that the lawyers are approved by both mortgage companies. Assuming that they are your solicitor should be able to connect the two deals but you should have a chat with you lawyer and specify your expectations and needs.
What makes a Colchester lease problematic?
Leasehold conveyancing in Colchester is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain sections are not included. For example, if your lease is missing any of the following, it could be defective:
A provision to repair to or maintain elements of the property
You may encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, The Mortgage Works, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
I purchased a 1st floor flat in Colchester, conveyancing was carried out 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Colchester with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 per annum. The lease ends on 21st October 2074
With just 54 years left to run the likely cost is going to range between £31,400 and £36,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.