My fiance’s brother is a conveyancing practitioner. I am hopeful that I'll be able to get friends and family pricing for conveyancing, However if that does not come materialise, what kind of figure would I typically be looking at for conveyancing in Diss?
You should contrast pricing. Make use of our comparison tool on this site. You will notice that estimates do vary but the service one can expect differ between law firms as is true with most professions.
I am hoping to complete my purchase in Diss next Friday. My solicitor now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the bank. What risks does the mortgage company expect the insurance to cover?
All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These requirements are not specific to conveyancing in Diss.
Should conveyancers ask for money up-front for my conveyancing in Diss?
Where you are retaining lawyers for conveyancing in Diss your lawyer will request that you place them with funds to cover the the cost of the conveyancing searches. Normally this is asked for to cover the fees of the Local Authority Search. When the deposit is as part of the purchase price then this should be required immediately in advance of contracts are exchanged. The closing balance that is due will be payable shortly before completion.
My wife and I have recently appointed a conveyancing solicitor in Diss. I need to find out if they are on the TSB approved list of lawyers. Can you help?
You should contact your conveyancer and enquire whether they are on the lender panel. Alternatively you can call TSB who may be able to assist.
I have been on the look out for a ground for flat up to £245,000 and identified one near me in Diss I like with a park and station in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Diss for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
The solicitors handling our conveyancing in Diss has forwarded documents to review that indicate that the land is unregistered with epitome documents. Surely all houses in Diss should be registered?
Over ninety percent of property in Diss is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Diss conveyancing solicitors should be able to handle this type of conveyancing but in the event that uncertainty exists the prevailing advice presently seems to be for the seller to deal with the registration formalities first and then deal with the disposal - this will have a knock on effect to result in a significant delay.