Do conveyancers request an advanced payment when it comes to conveyancing in Saffron Walden?

If you are buying a property in Saffron Walden your solicitor will ask you place them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the Local Authority Search. When the down payment is as part of the sale price then this will be asked for shortly before exchange of contracts. The closing balance that is needed should be sent to your lawyer shortly before completion.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Saffron Walden?

There are two types of lawyers who can carry out conveyancing in Saffron Walden namely CLC regulated conveyancers or solicitors. The two can handle the legal services that required to complete the sale or acquisition of property. Both are obliged to conduct Saffron Walden conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that all requisite steps will be appropriately adhered to.

A colleague informed me that in buying a property in Saffron Walden there could be a number of restrictions preventing external alterations to a property. Is this right?

We are aware of a number of properties in Saffron Walden which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Saffron Walden should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Completion of my purchase has taken place for my property in Saffron Walden. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?

All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.

Will my solicitor be raising enquiries regarding flooding as part of the conveyancing in Saffron Walden.

The risk of flooding is if increasing concern for lawyers dealing with homes in Saffron Walden. There are those who purchase a property in Saffron Walden, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Lawyers are not qualified to impart advice on flood risk, but there are a number of checks that can be undertaken by the purchaser or by their solicitors which can give them a better understanding of the risks in Saffron Walden. The conventional set of information sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to determine if the premises has historically flooded. If the property has been flooded in past which is not notified by the seller, then a buyer may commence a claim for damages as a result of such an inaccurate answer. A buyer’s conveyancers should also carry out an environmental search. This should indicate if there is any known flood risk. If so, additional investigations will need to be initiated.

Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who conducted the conveyancing in Saffron Walden 10 years ago have long since closed. What do I do?

You no longer need to have the physical deeds to establish that you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.

I'm buying my first flat in Saffron Walden with a loan from Barclays . The developers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not inform my conveyancer about this side-deal as it will jeopardize my mortgage with the lender. 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.