My partner’s uncle is a conveyancing practitioner. I expect that I will receive friends and family fee for conveyancing, However if that does not come materialise, what kind of fees would I typically be looking at for conveyancing in East Bergholt?
It’s a good idea to request 3 or more like-for-like conveyancing estimates. Do use our search tool on this page. The estimates will vary but service levels do are distinct between property lawyers as is true with most professions.
My wife and I are nearing an exchange on a flat in East Bergholt and my mum and dad have sent the ten percent deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is legally required to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Our bank has suggested solicitors on their panel based in East Bergholt but I would rather instruct a conveyancing lawyer in East Bergholt or nearer to where I live. Can you assist?
The minority of East Bergholt conveyancing practices are on all lender’s conveyancing panel. Please make use of our search tool to identify a East Bergholt conveyancing conveyancer on the on the bank panel.
Me and my brother own a terraced Victorian property in East Bergholt. Conveyancing lawyer represented me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in East Bergholt and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing lawyer who conducted the conveyancing.
I am looking for a leasehold apartment up to £305k and found one round the corner in East Bergholt I like with amenity areas and transport links in the vicinity, however it only has 61 years on the lease. There is not much else in East Bergholt for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the remaining unexpired lease term will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Am I right to be concerned that estate agents that I am dealing with are recommending a nationwide conveyancing firm rather than a local East Bergholt conveyancing practice?
As is the case with many professional services, often suggestions from connections can be most helpful. But there are many parties with a keen interest in a conveyancing matter; estate agents, financial adviser and banks may recommend lawyers to instruct. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You have the right to select your own lawyer. However, bear in mind that many mortgage providers have an approved list of lawyers you have to use for the lender related work in your home move.