We're in Eye, First time buyers buying with a mortgage (lender is UBS , and our solicitor is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I are selling our property in Eye and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Eye conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed an internet conveyancing firm rather than a conveyancing solicitor in Eye. We have lived in Eye for many years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing firm already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am looking into buying my first house which is in Eye and I am already nervous. I couldn't find anything specific about Eye. Conveyancing will be needed in due course but do you know about the Eye area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Eye. In the meantime here are some basic statistics that we found
We're first time buyers - had an offer accepted, yet the property agent advised that the owners will only proceed if we instruct the agent's chosen lawyers as they are insisting on an ‘expedited deal’. We would rather use a high street conveyancer accustomed to conveyancing in Eye
It is highly unlikely the owners are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Speak to the vendors direct and make sure they comprehend that (a)you are motivated purchasers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)but you are going to use your own,trusted Eye conveyancing lawyers - not the ones that will give the estate agent a referral fee or meet his conveyancing figures pre-set by senior management.
Completion is due on our sale of a £275,000 flat in Eye in just under a week. The managing agents has quoted £396 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Eye?
Eye conveyancing on leasehold flats normally necessitates the buyer’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to address such questions the majority will be willing to do so. They are entitled to invoice a reasonable charge for answering questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some transactions it is in excess of £800. The management information fee demanded by the landlord must be sent together with a summary of entitlements and obligations in relation to administration charges, otherwise the charge is technically not due. Reality however dictates that one has little choice but to pay whatever is requested of you if you want to complete the sale of your home.
Eye Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
-
On the whole the cost for major works are not included within service charges, albeit that there some managing agents in Eye require leaseholders to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. You should be aware that where the lease has no more than 80 years it will have adverse implications on the value of the property. It is worth checking with your mortgage company that they are happy with the length of the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of what this would cost. For most Eyelease extensions you would need to own the residence for two years before you are eligible to exercise a lease extension. Its a good idea to find out as much as possible regarding the managing agents as they will affect your use and enjoyment of the property. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to daily matters such as the tidiness of the common parts. Ask prospective neighbours what they think of their service. On a final note, find out the dates that you are obliged pay the service charge to the appropriate party and specifically what you get for your money.
I need to find a bank panel solicitor in Eye. Can you assist?
Unfortunately it’s not apparent why you need a Eye panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Eye are on their panel . If you do find such a firm in Eye not listed please direct them to our site to list. After all the cost is only one £1 a month