I am due to move property in February. Does my conveyancing solicitor update the removal company on the completion day. On a separate note, can you put forward a removal company in Ipswich. Conveyancing solicitor was organised before I stumbled across this website.
On the afternoon of completion you will need to pick up the house keys from the estate agent but this should only occur once the previous owners solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you should inform the removal men that you are ready to move in. We do not recommend a specific removal company but can assist you in locating a conveyancing in Ipswich or a legal practice with expertise in conveyancing in Ipswich.
The mortgage over my property is with Barclays for my property in Ipswich. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Barclays must be informed of your intention prior to renting your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. You need not do this via a Barclays conveyancing panel lawyer.
I am due to exchange contracts on my flat. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Barclays are being problematic. The Ipswich solicitor who is on the Barclays conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Barclays are requiring a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
It has been five months following my purchase conveyancing in Ipswich took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 premises 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.
How does conveyancing in Ipswich differ for newly converted properties?
Most buyers of new build or newly converted property in Ipswich contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Ipswich tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ipswich or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Ipswich I like with open areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Ipswich for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I have been advised by a few selling agents in Ipswich to get a quote from a conveyancer using your seach tool. What’s the financial advantage for Estate Agents to offer your lawyers rather than another?
We refuse to offer any referral fee for pointing buyers and sellers our way. We thought it would be too underhand a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Midway through the sale of a leasehold flat in Ipswich. Conveyancing solicitors are doing their job but we have been asked to pay an extortionate amount by the freeholder. To date we have forked out £295.50 for a leasehold management pack and then a further £117.20 for supplemental queries raised by the buyers conveyancer.
You will not have control over the level of the bill for this information but the average costs for the information for Ipswich leasehold premises is £350. For Ipswich conveyancing sales it is usual for the vendor to cover the charges. The landlord or their agents are not duty bound to answer such questions although many will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no statute that requires capped charges for administrative tasks. Nor is there any set time frame by which they are duty bound to supply the information.