We selected a Dunmow based solicitor for my conveyancing in Dunmow yesterday. After carefully reading the Ts and Cs it is apparent thatI am on the hook for charges even if the dealfalls through. Would I be best advised to appoint a web based solicitor practice promoting no-sale-no-fee conveyancing in Dunmow?
Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the fee levels will generally be higher to cover those cases that fail to complete. Please beware that these offerings tend not to cover expenditure such as Dunmow conveyancing search charges.
My conveyancer has discovered a defect with the lease for the flat we are purchasing in Dunmow. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor has advised that he must check that the mortgage company is content with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender requirements must be adhered to.
I am buying a property and need a conveyancing solicitor in Dunmow who is on the The Royal Bank of Scotland approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Royal Bank of Scotland in certain locations such as Dunmow. We dont recommend any particular firm.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Dunmow?
There are many registered licenced Conveyancers in Dunmow and Solicitor partnerships in Dunmow who can help with your conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in transferring property. Both can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
My wife and I are in the throws of looking at flats in Dunmow and I am about to put in an offer. Is it wise to have a conveyancer on ‘stand by’? I intend to finance via a home loan with Nationwide.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are taking out a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
At last I have had an offer on a flat in Dunmow accepted, the vendors do however have a connected purchase. The sellers have placed an offer on a property, but it’s not been accepted yet, and have viewings of other properties in the pipeline. I have chosen a high street conveyancing solicitor in Dunmow. What should be my next step? At what point do I apply for the mortgage with TSB?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then survey, Dunmow conveyancing search charges, etc). The first course of action is to check that your conveyancing practitioner is on the TSB approved list. Concerning the next stages this very much dictated by the uniqueness of your case, motivation for this property and on the state of the market. During a rising market the majority of home buyers would apply for a home loan with TSB and pay for the valuation and only if it comes back ok would they pay their conveyancer to proceed with searches.
I am looking for a flat up to £235,500 and identified one close by in Dunmow I like with open areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Dunmow suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the remaining unexpired lease term will be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.