We are a couple about to sign contracts for a freehold house in Essex. We have hit a stumbling block. Our loan offer with Skipton Building Society runs out on 26/6/2024 but the sellers are insisting on a completion date of 28/6/2024. Can one prolong the loan expiry date?
The best person to address this issue is your solicitors who is in a position to assess whether he or she is better off negotiating with the mortgage company, owner’s conveyancers, estate agents or indeed all parties given what has gone on in your transaction as of today.
My lawyer has informed me that lack of planning permission insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Essex?
The right level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between Barclays and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
How can we tell if a Essex conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Essex getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor conducting your conveyancing.
My offer was accepted on a house in Essex on 13/3/2024, valuation was booked 2 days later, received a clean bill of health. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS 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 UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Wolstenholmes a few years past for my conveyancing in Essex. Now, I need the files however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate 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 Essex of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Essex is the location of the property. Can you offer any opinion?
Flying freeholds in Essex are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Essex you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Essex may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Are the Essex conveyancing lawyers identified as being on the lender conveyancing panel, together with their details provided by the lender?
Essex law firm practices and firms carrying out conveyancing in Essex themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.