Do the conveyancing solicitors that you recommend handle auction conveyancing in Feltwell?
There are a few niche lawyers we can put you in touch with those who can conduct auction conveyancing. Feltwell is one of the many areas of where our lawyers have a presence.
we are a couple who wish to acquire a newbuild flat in Feltwell with a mortgage from Nationwide Building Society.We like our Feltwell conveyancing lawyer but Nationwide Building Society advised that her practice is not listed on their approved list of member firms. It seems we have little choice but to instruct a Nationwide Building Society panel firm or keep our preferred solicitor and pay for a Nationwide Building Society panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan issued to you contains terms and conditions, one of which will be that solicitors must be on the Nationwide Building Society solicitor panel. in the past, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Nationwide Building Society
I need some fast conveyancing in Feltwell as I am under a deadline to sign on the dotted line inside 3 weeks. Fortunately I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a home loan you have the choice not to have searches conducted although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Feltwell the following are instances of issues that can be revealed and adversely impact future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
It has been 4 months since my purchase conveyancing in Feltwell concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a property in Feltwell prior to retaining lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some banks will refuse to give a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Feltwell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Feltwell to see if the conveyancing will be more expensive.
Last September I purchased a leasehold house in Feltwell. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a 2 bed flat in Feltwell, conveyancing was carried out 7 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Feltwell with a long lease are worth £190,000. The ground rent is £65 per annum. The lease expires on 21st October 2087
With just 61 years unexpired we estimate the price of your lease extension to range between £19,000 and £22,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.