Our family solicitor has quoted £1400 for leasehold conveyancing in Stalham. I’m looking to sell a purpose built property for £175,000. This appears overpriced. Is it in excess of the norm for conveyancing in Stalham?
The charges are a little high. If you are willing to invest time comparing costs you may be able to get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you mightlive to regret opting for an an unknown conveyancer. Don't forget to enquire the firm can also act for your lender. Do utilise our comparison tool to get a quote a Stalham conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Stalham.
I am about to put an offer on a leasehold property in Stalham. The property agents advise that it is usual for flats in Stalham to have less than 75 years remaining. I am getting a mortgage with Virgin. Will the property be mortgageable given that the lease has 69 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/2/2025 the requirements read as follows :
There are a variety of conveyancing solicitors in Stalham but how do I know who I should use?
We would encourage you not to go for the lowest Stalham conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
The mortgage over my property is with Principality for my property in Stalham. Conveyancing has been completed 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?
You must advise Principality prior to letting out your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies 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 Principality directly. It should not be necessary to do this via a Principality conveyancing panel solicitor.
I recently had an offer agreed on a house in Stalham. My mortgage broker pressured me to appoint their property lawyer. I paid an on account payment of £175. A couple of days later, the solicitor contacted me sheepishly admitting that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
four months have elapsed since my purchase conveyancing in Stalham concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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.
I'm refinancing my primary property to a buy to let loan with HSBC Bank and I will use the ballance of the raised equity towards a second house. The location we are interested in is Stalham. Will your conveyancers be able to act for both sets of lenders and tie in the transactions?
Make use of our search tool on this site to check that the lawyers are approved by both banks. Having checked that they are the solicitor should be able to connect the two conveyancing matters but you should talk with you solicitor and make apparent your expectations and needs.
I need to switch lawyers as my Stalham lawyer is not on the lender's panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet appointed a solicitor to do anything for you and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Stalham that you're thinking of instructing.