Is the fact that my solicitor in Great Dunmow is not listed on my lender's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Great Dunmow conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
When can the exchange of contracts take place for purchase conveyancing in Great Dunmow and am I required to attend the lawyers office?
If you are in close proximity to one of the conveyancing solicitors in Great Dunmow you are welcome to come in to sign the paperwork. That being said, the lender approved solicitors we recommend supply a nationwide conveyancing service and give just as comprehensive and professional a job for you when communicating with you electronically. The signing of the contract is not the point of no return. A signed contract is just a prerequisite for the firm to officially exchange at the suitable time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Great Dunmow)to be in the office at the appropriate time.
A relative recommended that where I am purchasing in Great Dunmow I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Great Dunmow conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Great Dunmow around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Great Dunmow.
How does conveyancing in Great Dunmow differ for newly converted properties?
Most buyers of new build residence in Great Dunmow come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Great Dunmow tend to acquire the real estate, 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 property lawyers 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 Great Dunmow or who has acted in the same development.
Partway through the sale of a leasehold flat in Great Dunmow. Conveyancing solicitors are doing their job but we are being charged an extortionate amount from the freeholder. To date we have paid £237 for a leasehold management pack and then another £117.20 for additional queries supplied by the buyers conveyancing practitioner.
Neither you or your property lawyer will have any say over the level of the charges for this information but the typical fee for the information for Great Dunmow leasehold premises is £380. When it comes to Great Dunmow conveyancing deals it is conventional for the vendor to cover the costs. The landlord or their agents are not duty bound to address these questions most will be content to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Regretfully there is no legislation that requires fixed fees for administrative tasks. Nor is there any legal time limit by which they are duty bound to provide answers.