I sincerely hope you can help me. My Ongar lawyer is assuring me that he has toapply for Ongar conveyancing searches resulting from the fact thatthe firm are on the Lloydsapproved lawyer panel. Is my conveyancer right?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Ongar conveyancing searches.
Will conveyancers request money up-front when it comes to conveyancing in Ongar?
If you are buying a property in Ongar your solicitor will ask you to provide them with monies to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the Local Authority Search. If any deposit is as part of the sale price then this should be asked for immediately ahead of exchange of contracts. The final balance that is due will be payable shortly before completion.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Ongar is the location of the property. What do you suggest?
Flying freeholds in Ongar are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ongar you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ongar may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My step-father has encouraged me to instruct his lawyers for conveyancing in Ongar. Should I use them?
No doubt it’s preferable to select a conveyancing practitioner is to get recommendations from friends or relatives who have used the firm you're considering.
I have recently placed an offer on an apartment in Ongar and the broker that we are using suggested his conveyancing practitioner. He quoted nine hundred pounds excluding VAT and disbursements. Does this sound steep?
You should not rely on 1 quote. One should seek like-for-like quotes for your conveyancing in Ongar. Then choose one that you trust and just as important, is on the approved list of the bank that you are sourcing your mortgage from.