My husband and I are intent on acquiring an apartment in Colchester. My lawyer is not on the mortgage company approved list. Can I still continue with my Colchester conveyancing solicitor even though they are not on the lender list of approved lawyers?
Various options include
- Proceed with your existing Colchester property lawyer but your mortgage company will undoubtedly appoint a conveyancing practitioner on their conveyancing panel. This will result in additional cost and probable interruption.
- Choose a new conveyancing practitioner to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Appeal to your conveyancing practitioner to seek to join the bank panel
Completed the sale of my flat in Colchester last March but our buyer keeps e-mailing daily to say her lawyer needs to hear from myconveyancer. What are the post completion sale legalities following completion?
Post completion of your disposal your solicitor is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer must also evidence that the mortgage has been paid off to the purchasers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Colchester.
My bank has suggested solicitors on their panel based in Colchester but I would rather choose a conveyancing lawyer in Colchester or nearer to where I live. Can you assist?
It is by no means the case that all Colchester conveyancing firms are listed all banks conveyancing panel. Please make use of our search tool to choose a Colchester conveyancing firm on the on the lender panel.
How does conveyancing in Colchester differ for new build properties?
Most buyers of new build property in Colchester come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Colchester tend to purchase the land, 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 Colchester or who has acted in the same development.
I'm remortgaging my current property to a buy to let loan with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on a second property. The neighborhood we are looking at is Colchester. Will your solicitors be able to act for both sets of banks and link together the two deals?
Make use of our comparison tool on this page to ensure that the lawyers are on the appropriate lender panels. Having checked that they are your solicitor will be able to connect the two transactions but you should talk with you lawyer and make clear your desired outcome and requirements.