I was referred a conveyancer who has quoted £995 for leasehold conveyancing in Colchester. I’m selling a Georgian detached home for £300,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Colchester?
The charges are a tad high. If you shop around you might shave off some of the cost by say £125. On the other hand, you couldlive to rue opting for an an untested lawyer. If is important to ensure the firm can also act for your lender. You can employ our comparison tool to choose a Colchester conveyancing firm on the banks member panel which can often include conveyancing solicitors in Colchester.
My partner and I have just acquired a house in Colchester. We have noticed several problems with the house which we suspect were overlooked in the conveyancing searches. Do we have any recourse? What searches should? have been ordered as part of conveyancing in Colchester?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Colchester. Conveyancing searches and due diligence initiated as part of the buying process are designed to help avoid problems. As part of the process, a property owner completes a questionnaire referred to as a SPIF. If the information proves to be misleading, you may have a misrepresentation claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Colchester.
Is it correct that all Colchester CQS (Conveyancing Quality Scheme) solicitors are on the Bank of Ireland conveyancing list of approved solicitors?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
My wife and I have arranged a further advance on our home loan from Barclays as we intend to conduct a loft conversion to our house in Colchester. Are we obliged to choose a bricks and mortar Colchester solicitor on the Barclays conveyancing panel to deal with the paperwork?
Barclays would not normally instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Barclays conveyancing panel.
I had an offer accepted on a house in Colchester on 29/10/2018, valuation was booked 2 days later, received a clean bill of health. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Principality and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Principality conveyancing panel. Are Principality entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am looking for a flat up to £235,500 and found one close by in Colchester I like with amenity areas and transport links nearby, however it only has 61 years unexpired on the lease. There is not much else in Colchester in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I need to swap lawyers as my Colchester lawyer is not on the lender's approved list of conveyancing solicitors. Is it practical to instruct different lawyers?
In the event that you have not formally appointed a solicitor to do anything for you and have just received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Colchester that you're thinking of instructing.