IfI was to acquire a freehold housein Cromer for cash and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Cromer?
Any savings you would achieve would be isolated to the disbursement for searches. The solicitor is obliged to do the vast majority of work - money laundering, correspond with the vendors lawyer, stamp duty submission, register the ownership etc. A slight saving might be made by not needing to register a mortgage however it won't be a lot.
Can you point me to a directory of Coventry BS panel solicitors in Cromer on the Council of Mortgage Lender’s Website?
No. There is no such facility on the CML or Building Society Association sites. Very few lending institutions make their panel listings available over the internet. If you are in need of a Cromer conveyancing practitioner on the Coventry BS please use our tool.
We previously instructed solicitors based in Cromer on the RBS solicitor panel. They have just billed me a supplemental fee for the legal aspects of the RBS mortgage. Is this an additional conveyancing fee set by RBS?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your conveyancer can levy a fee for this. The fee is not dictated by RBS but by your Cromer conveyancer. Plenty of firms on the RBS panel will levy an ‘acting for lender’ fee and others do not.
I had an offer accepted on a property in Cromer on 5/3/2019, valuation was booked 4 days later, received a clean bill of health. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Skipton and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Skipton conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
Are there restrictive covenants that are commonly identified during conveyancing in Cromer?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Cromer. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Cromer differ for new build properties?
Most buyers of new build residence in Cromer come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Cromer tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Cromer or who has acted in the same development.
My aim is to purchase a ground floor maisonette in Cromer. Conveyancing lawyer has been waiting for, from the vendor, building insurance documents. Earlier today I was advised that the vendor must send the insurance schedule for the flat above as well. Why does my conveyancer need to check the insurance for the flat above? Is it strictly necessary? We have been waiting for the last month…
It is not impossible in leasehold conveyancing in Cromer to find Conveyancing in Cromer in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats rather than the freeholder insuring the complete premises - which is definitely preferable. Do check with your property lawyer but it would seem that your lawyer is looking to establish that the complete building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance cover.