Why is leasehold purchase conveyancing in Ongar is more expensive?
Ongar leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I have todayfound out that Action Conveyancing have closed. They conducted my conveyancing in Ongar for a purchase of a freehold house 18 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The quickest method to check if the property is in your name, 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 Ongar conveyancing specialists.
How does conveyancing in Ongar differ for newly converted properties?
Most buyers of new build premises in Ongar come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Ongar typically purchase 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 conveyancers 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 accustomed to new build conveyancing in Ongar or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Ongar ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies may not issue a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ongar. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ongar to see if the conveyancing costs will increase in light of this.
Is it necessary during the course of the conveyancing process to pop into the offices of the lender conveyancing panel solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Ongar so that I can pop in to their offices if required.
Most conveyancing panel lawyers for the bank undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Ongar. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.