Why do I have to pay up front for conveyancing in Tiptree?

If you are buying a property in Tiptree your solicitor will ask you to provide them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the conveyancing searches. When the down payment is payable against the purchase price then this should be asked for immediately prior to contracts are exchanged. Any further balance that is needed should be sent to your lawyer a few days ahead of the day of completion.

I am purchasing a new build flat in Tiptree. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?

Leaving aside the complexities and merits of DIY conveyancing in Tiptree you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Tiptree.

I'm purchasing a new build house in Tiptree with a loan from Godiva Mortgages Ltd. The sellers would not move on the amount so I negotiated £7000 of extras instead. The property agent suggested that I not reveal to my lawyer about the extras as it could affect my mortgage with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Over the last few months I have been searching for a flat up to £305k and identified one close by in Tiptree I like with a park and railway links nearby, the downside is that it only has 49 years on the lease. There is not much else in Tiptree suitable, so just wondered if I would be making a mistake acquiring a short lease?

Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

Expecting to exchange soon on a garden flat in Tiptree. Conveyancing lawyers assured me that they are sending me a report on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Tiptree should include some of the following:

Will you be prohibited or prevented from having pets in the property? Do you need to have carpet in the flat or are you allowed wood flooring? Whether your lease has a provision for a reserve fund for major works? Rent payments - what is payable and when you need to pay, and also know whether this is subject to change The physical extent of the premises. This might be the property itself but might incorporate a loft or cellar if relevant.

I inherited a 2 bed flat in Tiptree, conveyancing was carried out March 2002. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Tiptree with a long lease are worth £222,000. The ground rent is £50 per annum. The lease expires on 21st October 2095

You have 70 years left to run the likely cost is going to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.