Last month we had a mortgage agreed in principle with Aldermore. Great Dunmow conveyancing lawyers have been instructed. What is the average time that one could expect to receive a mortgage offer from Aldermore?
There is no definitive answer here. Have Aldermore done the survey? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
After weeks of negotiation I have agreed a price on an apartment in Great Dunmow. My mortgage broker suggested a conveyancer. I paid an on account payment of £175. A couple of days later, the lawyer called me sheepishly admitting that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told four weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Great Dunmow is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
My partner and I are planning on selling our home in Great Dunmow and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the purchasers instructed a web based conveyancing outfit as opposed to a conveyancing solicitor in Great Dunmow. We have lived in Great Dunmow for 5 years we know of no issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Are there restrictive covenants that are commonly identified during conveyancing in Great Dunmow?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Great Dunmow. 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…’
I am using a search engine for the phrase cheap conveyancing in Great Dunmow it shows results of numerous solicitorsin the area. With so much choice what is the best way to find the suitable solicitor for my move?
The ideal method of choosing the right conveyancer is through a trusted testimonial, so ask friends and those you trust who have bought a property in Great Dunmow or a local estate agent or mortgage broker. Fees for conveyancing in Great Dunmow vary, so it's sensible to secure at least three costs illustrations from different conveyancers. Be sure to seek confirmation what costs in the quote includes.
Due to exchange soon on a ground floor flat in Great Dunmow. Conveyancing lawyers have said that they are sending me a report next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Great Dunmow should include some of the following:
You should have a good understanding of the insurance requirements Where does the liability rest to repair and maintain the main walls and foundations. It is important for you to know who is liable for the repair and maintenance of every part of the building How long the lease is. You should receive guidance as what happens when the lease ends, and informed of the importance of the 80 year mark What options are available to the landlord where you have contravened the provisions of the lease? Whether the lease restricts you from letting out the flat, or having a home office for business
I inherited a 2 bed flat in Great Dunmow, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Great Dunmow with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ends on 21st October 2071
With just 50 years remaining on your lease the likely cost is going to be between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.