I am due to complete buying a property in Needham Market but as a result of wreckage from a small fire at the property I have was able negotiate compensation from the owner in the sum of £2k in the form of a adjustment in the price. This was going to be addressed as part of a side agreement but Virgin Money will not permit this. Why were they informed?
The property lawyer being on a Virgin Money conveyancing panel is duty bound to advise Virgin Money of any variations to the purchase price. If you prohibit your solicitor to disclose the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new solicitor for your conveyancing in Needham Market.
Forgive me if this question is silly but I am wet behind the ears as FTB of a ground floor flat in Needham Market. Do I pick up the keys to the property on completion from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Needham Market?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the owner’s lawyers, and once they have received this, you should be able to receive the keys from the property Agents and move into your new home. Usually this happens early afternoon.
My partner and I have organised the release of further monies on our home loan from Nottingham as we wish to conduct a loft conversion to our home in Needham Market. Are we obliged to appoint a bricks and mortar Needham Market solicitor on the Nottingham conveyancing panel to handle the legals?
Nottingham don't usually require a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham panel.
I had an offer accepted on a property in Needham Market on 17/12/2025, valuation was booked 2 days after, all came back fine. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Virgin Money and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Virgin Money conveyancing panel. Are Virgin Money entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
The deeds to my property are lost. The solicitors who handled the conveyancing in Needham Market 4 years ago have long since closed. What do I do?
Assuming you have a registered title the details of your proprietorship will be evidenced by HMLR with a Title Number. It is possible to carry out a search at the Land Registry, find your house and order up to date copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will also normally retain a file copy of the Registered Lease and again, a copy can be ordered for a small fee.
Do I need to be suspicious that brokers that I am dealing with are recommending a factory type conveyancing firm as opposed to a High Street Needham Market conveyancing company?
As is the case with many service providers, often suggestions from relatives can be worth their weight in gold. Nevertheless there are lots of parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and banks may put forward solicitors to appoint. Sometimes these lawyers might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying financial incentive behind the recommendation. You have the discretion to appoint your own conveyancer. You need to be aware that the majority of mortgage providers have an approved list of solicitors you have to use for the lender related work in your house move.
Can you provide any advice for leasehold conveyancing in Needham Market from the perspective of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Needham Market can be bypassed where you instruct lawyers as soon as you market your property and request that they start to collate the leasehold documentation which will be required by the buyers’ conveyancers. If you have had any disputes with your freeholder or managing agents it is essential that these are resolved before the property is put on the market. The buyers and their solicitors will be reluctant to purchase a property where there is a current dispute. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over rather than unresolved. If you hold a share in a the Management Company, you should ensure that you hold the original share document. Arranging a new share certificate is often a time consuming process and frustrates many a Needham Market conveyancing transaction. Where a reissued share certificate is needed, do contact the company officers or managing agents (if applicable) for this sooner rather than later. If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Needham Market leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord acquiescing to such works. Where you fail to have the consents in place do not communicate with the landlord without contacting your solicitor first. Many freeholders or Management Companies in Needham Market charge for providing management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Needham Market.
Needham Market Leasehold Conveyancing - A selection of Queries before Purchasing
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This question is important as a) areas could cause problems for the block as the communal areas may start to deteriorate where services are not paid for b) if the leaseholders have a dispute with the running of the building you will need to have full disclosure What prohibitions are there in the Needham Market Lease? What is the length of the lease?
My wife and I intend to buy our 1st property in Needham Market. Conveyancing lawyer already selected. The broker advised that a survey is not needed as the property was only built in 2001.
You would be best advised to have a Home Buyer's Report. As the residence was constructed over a decade ago the property will not benefit from a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could suffice. The report should highlight any apparent problems and recommend additional investigation where appropriate. Where there are any signs of material issues obtain a full Building Survey from the beginning.