Finally, a mortgage offer from NatWest for the remortgage of my single room garden flat is due within the next few days. Could you put forward a cheap conveyancing solicitor in Felixstowe?
You have arrived at the wrong place to search for a cheap conveyancing in Felixstowe. We can offer you cost effective conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing companies offering £100 conveyancing in Felixstowe. At best, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst you will end up paying a lot in additional fees and still not end up with the service expected.
How up to date is your database of Felixstowe solicitors on the HSBC conveyancing panel? Do HSBC send you an updated list?
Felixstowe conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
Can you clarify what the consequences are if my solicitor is removed from the TSB Conveyancing panel ahead of completing my conveyancing in Felixstowe?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
The deeds to our property are lost. The solicitors who did the conveyancing in Felixstowe 4 years ago no longer exist. What are my next steps?
Assuming the title is registered the information relating to your ownership will be documented by the Land Registry with a Title Number. It is possible to conduct a search at the Land Registry, find your house and obtain up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will in most cases retain a file copy of the Registered Lease and again, a copy can be obtained for twenty pounds.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Felixstowe I like with a park and railway links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Felixstowe in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
My partner has suggested that I appoint his conveyancers in Felixstowe. Should I use them?
There are no two ways about it the ideal way to find a conveyancing lawyer is to have referrals from friends or family who have used the firm you're considering.