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Recently asked questions about conveyancing in Colchester

It may have been a long time coming a mortgage offer from HSBC for the remortgage of my 3 room garden flat is to be issued within the next few days. Can you put forward a cheap conveyancing solicitor in Colchester?

You are on the wrong site if you are in need of the cheapest conveyancing in Colchester. Our intention is to offer cost effective conveyancing but we do not aim to work with the cheapest lawyers. Resist the temptation to appoint companies enticing you with low cost conveyancing in Colchester. At best, in going for low cost conveyancing, you will get your money’s worth and at worst you will end up invoiced for additional fees and still not get the service you were hoping for.

I am the registered owner of a freehold house in Colchester yet pay rent, why is this and what is this?

It is rare for properties in Colchester and has limited impact for conveyancing in Colchester but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

Just bought a detached house in Colchester , how long should it take for the Land Registry to register my title? My Colchester conveyancing solicitor has been very slow, so I want to check that my name is recorded.

There is nothing unique when it comes to conveyancing in Colchester registration formalities. As opposed to being determined by geographic area, timescales can adjust according to who lodges the application, whether there are errors and whether the Land registry communicate with any third persons or bodies. As of today in the region of three quarters of submission are fully dealt with within two weeks but occasionally there can be protracted hold-ups. Historically registration takes place once the purchaser is living at the property therefore post completion formalities is not always top priority but where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.

I decided to have a survey carried out on a property in Colchester ahead of retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some banks tend refuse to issue a loan on this type of premises.

It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Colchester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Colchester to see if the conveyancing will be more expensive.

What happens where there is an issue with the searches carried out as part of our conveyancing in Colchester?

Usually, almost all issues revealed in Colchester conveyancing search responses can be addressed prior to completion or indemnity insurance may be put in place. It is crucial to remember that even though you may be acquiring the property and might be willing to live with the search results, your building society or bank may not, and when all said and done they have the final say.

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Find out more about how flying freehold can affect your the value of a property.