We see that you have a post code search directory listing firms on the Clydesdale conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Bungay?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bungay.
we are a couple who wish to acquire a 2 bedroom apartment in Bungay with a mortgage from Birmingham Midshires.We would like to retain our Bungay conveyancing solicitor but Birmingham Midshires advised that his firm is not on their "panel". we are left little option but to use a Birmingham Midshires panel lawyer or keep our preferred solicitor and fork out for a Birmingham Midshires panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan offered to you contains various provisions, one of which will be that conveyancers must be on the Birmingham Midshires approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Birmingham Midshires
We are buying a house in Bungay. It might be a silly question but how we can trust a conveyancer? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am aiming to move property in March. Should my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you put forward a removal company in Bungay. Conveyancing solicitor was organised before I stumbled across your site.
On the day of completion you will need to pick up the keys from the estate agent but this can only happen after the vendors conveyancers confirm to the agent that they have the completion monies and the keys can be passed over. Subsequently you will need to advise the removal men that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can help you locate a conveyancing in Bungay or a solicitor with expertise in conveyancing in Bungay.
We are getting the release of further monies on our mortgage from Santander as we wish to conduct renovations to our home in Bungay. Do we need to appoint a high street Bungay solicitor on the Santander conveyancing panel to handle the legals?
Santander do not ordinarily require firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander list.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a residence in Bungay? or Apparently there is historic law that could mean that owners of property residing in a parish church boundary will be compelled to pay for repairs to the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Bungay?
Unless a previous acquisition of the premises took place post 12 October 2013 you may expect solicitors carrying out conveyancing in Bungay to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up during conveyancing in Bungay?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Bungay. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What makes a Bungay lease unacceptable for security purposes?
Leasehold conveyancing in Bungay is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain clauses are not included. The following missing provisions could result in a defective lease:
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Maintenance charge proportions which don’t add up to the correct percentage Repairing obligations to or maintain parts of the building
A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, Coventry Building Society, and Platform Home Loans Ltd all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, forcing the buyer to withdraw.
I acquired a split level flat in Bungay, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Bungay with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2078
You have 54 years unexpired we estimate the price of your lease extension to span between £31,400 and £36,200 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.