We were about to choose a conveyancing solicitor in Lowestoft found by you but have come across alternative costs illustrations on the internet look less expensive – why is this?
You can find a variety of solicitors advertising at first sight what seems to be extremely cheap conveyancing in Lowestoft. We suggest that you think twice about how important this transaction is to you that want to be penny wise pound foolish concerning the standard of the conveyancing. Many of them list a low fee to catch your eye but hide additional costs in the fine print..
We are buying a flat and require a conveyancing solicitor in Lowestoft who is on the Bank of Ireland solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Lowestoft.
I have been referred to a conveyancing solicitor in Lowestoft. I I would like to check whether they are accepted on the Leeds Building Society conveyancing panel. Can you help?
You should e-mail the solicitor and enquire whether they are on the lender panel. Alternatively you should get in touch with Leeds Building Society who may be able to assist.
2 months have elapsed since my purchase conveyancing in Lowestoft completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 residence 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 am looking for a leasehold apartment up to £305k and identified one near me in Lowestoft I like with a park and railway links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Lowestoft in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
What are your top tips when it comes to choosing a Lowestoft conveyancing practice to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Lowestoft conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Lowestoft conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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If the firm is not ALEP accredited then why not? Can they put you in touch with clients in Lowestoft who can give a testimonial?
Lowestoft Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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For most Lowestoft leaseholds the cost for major works are not built into the service charges, albeit that a few managing agents in Lowestoft ask tenants to pay into a reserve fund created for the specific purpose of building a fund for major works. It is important to be aware whether a new roof is being put on or some other significant cost is pending that will be shared amongst the leaseholders and will dramatically impact the level of the service fees or result in a one time payment. The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees enjoy being in charge if their destiny and even though a managing agent is frequently retained if it is larger than a house conversion, the managing agent employed by the leaseholders.