We see that you have a search directory listing firms on the Leeds Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Eye?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Eye.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the TSB Conveyancing panel ahead of completing my conveyancing in Eye?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
What can a local search tell me regarding the property we're purchasing in Eye?
Eye conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search plays an important role in many a Eye conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search will supply data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
How does conveyancing in Eye differ for new build properties?
Most buyers of new build property in Eye come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Eye tend to buy the land, 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 used to new build conveyancing in Eye or who has acted in the same development.
Having checked my lease I have discovered that there are only 68 years left on my flat in Eye. I am keen to extend my lease but my landlord is absent. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to find the freeholder. On the whole an enquiry agent may be helpful to carry out a search and to produce a report which can be used as evidence that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on proving the landlord’s absence and the application to the County Court overseeing Eye.
I acquired a ground floor flat in Eye, conveyancing was carried out 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Eye with a long lease are worth £195,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 2086
With just 63 years remaining on your lease we estimate the price of your lease extension to be between £16,200 and £18,600 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
I purchased a house in Eye last 28/2/2022 and to date it is still not recorded with the Land Registry. It is part of a development site and my solicitor told me that it can take 12 months to complete the registration formalities. I have spoken with HM Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. Should I be concerned?
get in touch with your solicitor - Where you are unsatisfied with the responses, look up their firm’s complaints protocol and amplify your problem to a Complaints Manager. Registrations for Eye conveyancing are not known to be significantly delayed.