As someone not used to the Colnbrook conveyancing process what’s your top tip you can impart for the legal transfer of property in Colnbrook
Not many law firms shout this from the rooftops but conveyancing in Colnbrook and elsewhere in Berkshire is an adversarial experience. Put another way, when it comes to conveyancing there is an abundance of room for friction between you and others involved in the legal transfer of property. For example, the vendor, estate agent and on occasion a mortgage company. Choosing a solicitor for your conveyancing in Colnbrook an important selection as your conveyancer is your adviser, and is the ONE party in the legal process whose responsibility is to act in your legal interests and to keep you safe.
Every so often a potential adversary may attempt to persuade you that you should follow their advice. For example, the selling agent may claim to be assisting by claiming that your lawyer is wrong. Or your financial adviser may advise you to do something that is contrary to your conveyancers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I used Arc property Solicitors several years ago for my conveyancing in Colnbrook. Now, I need the documents but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Colnbrook of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Colnbrook benefiting from help to buy. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not reveal to my lawyer about this side-deal as it may jeopardize my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Colnbrook I like with open areas and station nearby, however it only has 52 remaining years left on the lease. There is not much else in Colnbrook for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
We're new on the property ladder - had an offer accepted, but the property agent informed us that the vendor will only go ahead if we use their recommended conveyancers as they need a ‘quick sale’. We would rather use a family conveyancer used to conveyancing in Colnbrook
We suspect that the seller is unaware of this demand. Should the vendor desire ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Try to communicate with the sellers directly and explain that (a)you are serious buyers (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Colnbrook conveyancing solicitors - as opposed tothe ones that will earn their estate agent a kickback or meet his conveyancing targets pre-set by senior management.