What does my ID and proof of funds have anything to do with my conveyancing in Writtle? Is this really necessary?

Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you are required to sign will no doubt stipulate this. Your lender will also require certain documents to be viewed. Should you are unwilling to hand over ID verification documents, your conveyancer would not be able to act for you.

Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Writtle?

There are two types of lawyers who can carry out conveyancing in Writtle namely licenced conveyancers or solicitors. Both professionals handle conveyancing services that you need to complete the sale or acquisition of property. Both are obliged to perform Writtle conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that the requisite procedures should be suitably attended to.

Is there a list of Nationwide panel conveyancers in Writtle on the Building Society Association’s Website?

No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings open the public online. If you are seeking to appoint a Writtle property lawyer on the Nationwide please use our tool.

I have finally had an offer on a maisonette in Writtle agreed to, but there is a chain. The owners have put an offer on a flat, but it’s not yet tied up, and are looking at other flats in the pipeline. I have selected a local conveyancing solicitor in Writtle. What do I do now? At what stage do I apply for the mortgage with Virgin Money?

It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of £1k, then valuation, Writtle conveyancing search fees, etc). The first thing to do is ensure that your lawyer is on the Virgin Money approved list. As to the subsequent stages this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a rising market the majority of buyers will apply for a home loan with Virgin Money and arrange for the valuation and only if it was satisfactory would they ask their property lawyer to proceed with searches.

How does conveyancing in Writtle differ for newly converted properties?

Most buyers of new build property in Writtle contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Writtle 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 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 accustomed to new build conveyancing in Writtle or who has acted in the same development.

I have been on the look out for a flat up to £235,500 and identified one near me in Writtle I like with amenity areas and transport links nearby, however it's only got 49 years on the lease. I can't really find anything else in Writtle in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?

If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. 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. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

Are you able to set out the aspects of conveyancing supplied by Writtle conveyancing solicitors?

Almost all Writtle conveyancing companies manage to supply a number of assistance to home and land proprietors, sellers, first time buyers, landlords and leaseholders and you can expect them to offer expert advice on some of the following services:

Domestic sale conveyancing in Writtle and elsewhere in the country Private residential purchase conveyancing in Writtle and also around the country Staircasing (purchasing additional shares in your home) Islamically-compliant mortgages in Writtle and beyond Shared ownership and shared equity scheme Transfer of property or a share in a property