My stepmother pointed out to me me that in purchasing a property in Witham there may be various restrictions prohibiting external alterations to the property. Is this right?
There are anumerous of properties in Witham which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Witham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We had selected conveyancing lawyers based in Witham on the Kent Reliance solicitor panel. They are now charging me an additional fee for handling the Kent Reliance mortgage. Is this a supplemental conveyancing fee specified by Kent Reliance?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer can levy a fee for this. This fee is not dictated by Kent Reliance but by your Witham conveyancing practitioner. Some firms on the Kent Reliance panel will charge an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
Leeds Building Society have agreed my home loan in principle, my bid on a property in Witham has been accepted, what happens next?
The estate agent will need to be informed of your conveyancing practitioner's details (be sure the property lawyers are on the lender’s approved list). Call up Leeds Building Society or your broker and finalise any appropriate paperwork. Leeds Building Society will appoint a valuer who will get in contact with the estate agent or owners to arrange a time for the valuation to happen. Once carried out (assuming no problems) it takes about a fortnight to receive the mortgage offer. Leeds Building Society will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Witham.
I have todaydiscovered that Stirling Law have closed. They carried out my conveyancing in Witham for a purchase of a leasehold apartment 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Witham conveyancing specialists.
How does conveyancing in Witham differ for new build properties?
Most buyers of new build property in Witham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Witham tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Witham or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Witham I like with amenity areas and station in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Witham suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
My husband and I are FTB’s - agreed a price, but the agent advised that the seller will only move forward if we appoint the agent's preferred lawyers as they need a ‘quick sale’. Our preferred option is to instruct a family conveyancer with experience of conveyancing in Witham
We suspect that the owner is not behind this demand. Should the owner require ‘a quick sale', taking such a hostile approach to a motivated purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Witham conveyancing firm - as opposed tothe ones that will provide the estate agent a referral fee or hit his conveyancing targets set by senior management.