My partner and I are purchasing a brand new flat in Colchester and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the seller. I am on a tight deadline to sign contracts and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
When can the exchange of contracts occur in domestic conveyancing in Colchester and do I need to attend the solicitors office?
If you are near to our conveyancing solicitors in Colchester you are invited in to sign documents. However, the lender approved solicitors we work with offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when dealing with you digitally. The executing of the contract is not the point of no return. A signed contract simply enables the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Colchester)to be in the office at the appropriate time.
I opted to have a survey carried out on a house in Colchester in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks will refuse to grant a loan on such a home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Colchester. Conveyancing will be smoother if you use a solicitor in Colchester especially if they are accustomed to such properties in Colchester.
How can the Landlord & Tenant Act 1954 affect my business offices in Colchester and how can you help?
The 1954 Act gives security of tenure to commercial leaseholders, giving them the right to make a request to court for a renewal lease and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and handle your commercial conveyancing in Colchester
I have been sourcing a conveyancing solicitor in Colchester for my home move. Is there any facility to check a firm’s complaints history with the profession’s regulator?
Members of the public may read presented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator could recorded telephone calls for training requirements.