My Solicitor in Bungay is not listed on the Platform Home Loans Ltd Approved Panel. Is it possible for me to use my family solicitor notwithstanding that they are excluded from the Platform Home Loans Ltd list of approved lawyers?
Your options are as follows:
- Carry on with your preferred Bungay lawyers but Platform Home Loans Ltd will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the total legal charges and cause delays.
- Find an alternative practitioner to act in the purchase, obviously checking they are on the Platform Home Loans Ltd panel
I am buying a house and the lawyer has referenced Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Bungay
Unless a previous purchase of the property completed after 12 October 2013 you can expect solicitors carrying out conveyancing in Bungay to continue to propose a a chancel search and or insurance against a claim.
How does conveyancing in Bungay differ for newly converted properties?
Most buyers of new build property in Bungay contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Bungay tend to purchase 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 property lawyers 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 used to new build conveyancing in Bungay or who has acted in the same development.
I am looking to sell my property. My former conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Bungay if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Bungay. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I am a negotiator for a reputable estate agent office in Bungay where we have experienced a number of leasehold sales jeopardised as a result of short leases. I have been given inconsistent advice from local Bungay conveyancing firms. Can you confirm whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a split level flat in Bungay, conveyancing having been completed September 2006. How much will my lease extension cost? Corresponding properties in Bungay with an extended lease are worth £197,000. The ground rent is £55 yearly. The lease ceases on 21st October 2080
With only 56 years left to run we estimate the price of your lease extension to be between £29,500 and £34,000 as well as costs.
The figure 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 detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
I need to find a bank panel solicitor in Bungay. Can you assist?
It is not clear why you need a Bungay panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Bungay are on their panel . If you do find such a firm in Bungay not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site