Can the conveyancing solicitors that are recommend execute auction conveyancing in Colchester?

We know of a few auction lawyers we can connect you with those conducting auction conveyancing. Colchester is just one of hundreds of locations where our lawyers have a presence.

I am buying a new build flat in Colchester. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Colchester

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan.

My husband and I are new on the property ladder - agreed a price, but the selling agent advised that the seller will only go ahead if we appoint their preferred lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Colchester

It is unlikely the vendors are driving this. If they desire ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Colchester conveyancing firm - as opposed tothe ones that will give their estate agent a commission or meet his conveyancing thresholds set by head office.

Having had my offer accepted I require leasehold conveyancing in Colchester. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and 99.9% are in Colchester - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I invested in buying a leasehold flat in Colchester, conveyancing having been completed 6 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Colchester with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 levied per year. The lease finishes on 21st October 2104

With only 79 years unexpired we estimate the premium for your lease extension to span between £7,600 and £8,800 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

We are midway through purchasing a house in Colchester. Conveyancing lawyer has called to say the property is "Leasehold". Will this likely make a difference on our Halifax valuation?

Colchester conveyancing does not ordinarily involve leasehold houses. The main consideration here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it shouldn't impact the saleability significantly.

At the other extreme, if it's, say, Sixty years it is bound to have a adverse impact on the value, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be stated in the lease which should be made available to your solicitor.