I am need of leasehold conveyancing for an apartment in a fairly new development (seven years old) in Feltwell. The vast majority the flats have already been disposed of. Is it really necessary to order local searches for my conveyancing in Feltwell?
Conveyancing Searches are a critical link in the Feltwell conveyancing process. There are a large number of companies who offer Feltwell conveyancing searches, as well direct from the local authority. These are known collectively as personal search companies and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authoritative source.
Why do I have to pay up front for my conveyancing in Feltwell?
If you are buying a property in Feltwell your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. Ordinarily this is asked for to cover the fees of the Local Authority Search. If any deposit is payable against the sale price then this will be required immediately prior to exchange of contracts. The final balance that is due should be sent to your lawyer a couple of days ahead of the completion date.
We previously selected conveyancing lawyers locally in Feltwell on the Bank of Ireland solicitor approved list. They have just billed me a further sum for handling the Bank of Ireland mortgage. Is this a supplemental conveyancing fee set by Bank of Ireland?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your conveyancer is entitled to levy a fee for this. The fee is not set by Bank of Ireland but by your Feltwell solicitor. Numerous firms on the Bank of Ireland panel will levy ’dealing with mortgage’ fee and others do not.
I am expecting a AIP from Nottingham this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nottingham recommend any Feltwell solicitors on the Nottingham conveyancing panel, or is it better to go independently?
You will need to appoint Feltwell solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
Completion of my remortgage has taken place for my property in Feltwell. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Feltwell?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Feltwell. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a property in Feltwell ahead of instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks may refuse to give a loan on this type of home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Feltwell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Feltwell to see if the conveyancing costs will increase in light of this.
I’m about to sell my 2 bed apartment in Feltwell. Conveyancing lawyers have not yet been instructed, but I have just had a quarterly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual given that all ground rent and service invoices will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Feltwell Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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Many Feltwell leasehold apartments will be liable to pay a service charge for maintenance of the block invoiced by the freeholder. If you purchase the apartment you will have to pay this charge, normally quarterly throughout the year. This could differ from several hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a rentcharge to be met annual, this is usually not a large sum, say about £25-£75 but you need to check as on occasion it could be many hundreds of pounds. Does the lease have more than 85 years left?