We are intending to buy a 1 bedroom apartment in Bungay with a mortgage. We would like to retain our Bungay conveyancer, but the lender advise he's not on their "panel". We have to appoint one of the bank panel conveyancing practices or retain our Bungay conveyancer and pay for one of their panel lawyers to represent them. We regard this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms 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. A further alternative is for your Bungay conveyancing solicitor to apply to be on the conveyancing panel.
Please could you vouch for a Aldermore sanctioned Bungay conveyancing lawyer that can complete within a very limited time frame? Am I best advised to choose a high street Bungay practice or an online conveyancer?
We can recommend some very good Bungay conveyancing firms. Another option is to visit the main road in Bungay. Approach a couple of firms and request to speak with a conveyancing solicitor for a costs illustration. Mention your expectations together with your reasons and ask for an assurance on speed. Appoint the lawyer that appears most efficient.
Are there restrictive covenants that are commonly identified as part of conveyancing in Bungay?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing 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…’
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a straight forward, chain free conveyancing. Bungay is the location of the property. Is there any guidance you can give?
Flying freeholds in Bungay are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bungay you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bungay may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are new on the property ladder - had an offer accepted, but the estate agent has warned us that the vendor will only move forward if we instruct the agent's chosen conveyancers as they are insisting on an ‘expedited deal’. We would rather use a local solicitor accustomed to conveyancing in Bungay
It is improbable the owners are driving this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Avoid the agents and go straight to the sellers and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)however you will continue to use your own,trusted Bungay conveyancing firm - not the ones that will give the estate agent a kickback or hit his conveyancing targets demanded by senior management.
We are in the process of purchasing a flat in Bungay. Conveyancing is not yet done but we wish to have our purchase price confidential from the likes of Rightmove. Is this achievable and how?
The Land Registry by statute are bound to specify price sold data on a register of the title for residential properties countrywide including homes in Bungay. The Title Register is an open document, so the Land Registry would be breaking the law excluded certain properties such as the one in Bungay.
In essence you can make a request of HM Land Registry to hide the amount paid data yet the response will be in the negative.