Do I need to attend the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Colchester so that I can pop in to their offices if required.
Whereas this was necessary 15 years ago, the vast majority banks no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still distinct benefits to using a locally based ayer, in your situation a conveyancing solicitor in Colchester.
It has been four months following my purchase conveyancing in Colchester concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey carried out on a house in Colchester prior to retaining conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend refuse to grant a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions from Halifax. Should you wish to call us we can check with the relevant mortgage company. 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 costs will increase in light of this.
How do I use the search tool to locate a conveyancing solicitor in Colchester on the approved list for my bank?
1st select a mortgage company such as Nationwide Building Society, Skipton Building Society or Barclays Direct then specify your location e.g. Colchester. Conveyancing practices in Colchester and nationally should be shown.
Am I better off to go with a Colchester conveyancing lawyer based in the vicinity that I am purchasing? An old friend can execute the legal formalities however they are based 300kilometers away.
The primary upside of using a local Colchester conveyancing firm is that you can visit the firm to execute paperwork, present your ID and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and the majority were happy that should trump using an unfamiliar Colchester conveyancing lawyer just because they are local.