Will my conveyancing lawyers need to check that the building insurance when buying a house in Bury St Edmunds. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/3/2025, the requirements read as follows :
I have been told that property searches are the primary cause of stalling in Bury St Edmunds conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Bury St Edmunds.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Bury St Edmunds is where the house is located. Can you offer any guidance?
Flying freeholds in Bury St Edmunds are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bury St Edmunds you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bury St Edmunds may decide 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.
How simple is it to use your search tool to get a quote from a conveyancing lawyer in Bury St Edmunds on the panel for my mortgage?
1st select a mortgage company such as Accord Mortgages Ltd, The Mortgage Works or Alliance & Leicester then specify your location for instance Bury St Edmunds. Conveyancing organisations in Bury St Edmunds and beyond will then be shown.
What advice can you give us when it comes to choosing a Bury St Edmunds conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for your lease extension (regardless if they are a Bury St Edmunds conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Bury St Edmunds conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
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How familiar is the practice with lease extension legislation?
Bury St Edmunds Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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The majority of Bury St Edmunds leasehold apartments will have a service charge for the upkeep of the building invoiced on behalf of the freeholder. If you acquire the flat you will have to meet this contribution, normally periodically accross the year. This can be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent to be met yearly, this is usually not a large amount, say around £50-£100 but you should to check as sometimes it could be many hundreds of pounds. On the whole the outlay for major works are not wrapped into the service charges, albeit that there some managing agents in Bury St Edmunds obliged leaseholders to contribute towards a reserve fund created for the specific intention of establishing a fund for major works.
We are in the process of a leasehold sale of a flat in Bury St Edmunds. Conveyancing lawyers are doing their job but we have been asked to pay a fortune by the managing agents. To date we have forked out £275 for a leasehold management pack and then a further £200 plus VAT for answers to questions supplied by the buyers conveyancing practitioner.
Your conveyancer will unlikely have any impact over the level of the charges for this information however the typical costs for the information for Bury St Edmunds leasehold premises is £380. When it comes to Bury St Edmunds conveyancing deals it is conventional for the seller to cover the costs. The landlord or their agents are under no legal obligation to answer such questions although many will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no legislation that mandates fixed charges for administrative tasks. There is no statutory time frame by which they are duty bound to supply the information.