Much to our surprise we have been informed by our mortgage adviser that my Bungay lawyer is not on the mortgage company Conveyancing panel. What can I do to check?
The first thing you need to do is to call your Bungay lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Can your site be used to find a Conveyancing solicitor in Bungay even if I’m not buying or disposing of a house, for instance where I wish to buy an office in Bungay with a mortgage from The Mortgage Works?
Our comparison service is predominantly used to locate residential conveyancing solicitors in Bungay but we have set out at the end of this page a few Bungay commercial conveyancing firms. You should enquire with the firm directly to check if they can also act for The Mortgage Works
My uncle passed away last year and as sole heir and executor I was left the property in Bungay. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
How does conveyancing in Bungay differ for new build properties?
Most buyers of new build premises in Bungay approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Bungay usually acquire the site, 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 conveyancing solicitors 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 Bungay or who has acted in the same development.
As co-executor for the estate of my father I am selling a property in Neath but I am based in Bungay. My solicitor (approximately 260 miles awayhas requested that I sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Bungay to attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are located in Bungay
Completion is due on our sale of a £200,000 flat in Bungay next week. The landlords agents has quoted £396 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Bungay?
Bungay conveyancing on leasehold maisonettes normally necessitates fees being invoiced by managing agents :
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Addressing pre-exchange questions
Where consent is required before sale in Bungay
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Bungay Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying
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This information is useful as a) areas may result in problems for the building as the communal areas may start to deteriorate if services are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have complete disclosure You should want to discover as much as you can regarding the company managing the building as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to day to day issues like the tidiness of the common parts. You should not be afraid to ask other tenants what they think of their management. Finally, investigate as to the dates that the maintenance fees are due to the relevant party and specifically what it includes. The best form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this situation the tenants benefit from being in charge if their destiny and even though a managing agent is often employed where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.