Do the conveyancing practitioners identified via your search tool carry out auction conveyancing in Feltwell?
We know of a few niche solicitors we can connect you with those conducting auction conveyancing. Feltwell is just one of the many areas of where our lawyers cover.
My husband and I wish to acquire a 3 bedroom flat in Feltwell with a loan from The Royal Bank of Scotland.We would like to retain our Feltwell conveyancing solicitor but The Royal Bank of Scotland informed us she’s not on their "panel". It seems we are left with no choice but to instruct a The Royal Bank of Scotland panel lawyer or keep our preferred solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan issued to you is subject to its various provisions, one of which will be that lawyers will be on the The Royal Bank of Scotland approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for The Royal Bank of Scotland
I require fast conveyancing in Feltwell as I am under a deadline to complete within one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at liberty not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Feltwell the following are instances of issues that can show up and adversely impact the marketability of the property: Enforcement Actions, Outstanding Charges, Overdue Grants, Railway Schemes,...
It has been 2 months following my purchase conveyancing in Feltwell took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
Due to the advice of my in-laws I had a survey completed on a property in Feltwell in advance of appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may not give a mortgage on such a property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Feltwell. Conveyancing will be smoother if you use a solicitor in Feltwell especially if they are familiar with such properties in Feltwell.
Last September I purchased a leasehold property in Feltwell. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a studio flat in Feltwell, conveyancing having been completed in 2004. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Feltwell with a long lease are worth £190,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease comes to an end on 21st October 2087
With just 61 years unexpired the likely cost is going to span between £19,000 and £22,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.