Can you explain why leasehold purchase conveyancing in Soham is more expensive?
In summary, leasehold conveyancing in Soham and Cambridgeshire usually necessitates extra due diligence compared to freehold conveyancing. This includes lease investigation, liaising with the landlord about the service of required notices, securing current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
We are buying a apartment in Soham. I might seem paranoid but how we can trust a conveyancer? On completion day we have to put money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am buying a detached bungalow in Soham. Our aim is to carry out an extension to the side at the property.Will legal due diligence on the property include checks to ascertain if these alterations are permitted?
Your conveyancer should check the registered title as conveyancing in Soham can on occasion reveal restrictions in the title deeds which prohibit certain works or require the permission of another owner. Certain extensions need local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Soham lawyer on the Virgin Money panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
Various web forums that I have come across warn that are the number one reason for delay in Soham conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Soham.
I used Action Conveyancing a few years past for my conveyancing in Soham. Now, I need my documents however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Soham of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing a new build house in Soham benefiting from help to buy. The sellers refused to reduce the amount so I negotiated £7000 of extras instead. The house builders rep advised me not inform my conveyancer about the deal as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my property. My former lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Soham if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Soham. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.