My wife and I are hoping to buy a flat in Suffolk and have instructed a Suffolk conveyancing firm. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Alliance & Leicester have this morning contacted us to advise us that they have now hit a problem as our Suffolk solicitor is not on their approved list of lawyers. Is this a problem?
If you are buying a property needing a mortgage it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Suffolk solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Please could you suggest a Barclays accepted Suffolk conveyancing firm that can complete within a short deadline? Am I best advised to unstruct a high street Suffolk practice or an online conveyancer?
We can recommend some very good Suffolk conveyancing firms. You can also walk up the high street in Suffolk. Visit a couple of law practices and request to speak with a conveyancing solicitor for a fee estimate. Explain your requirements together with the reasons and get an assurance on your deadline. Select the one that genuine.
I have recentlyfound out that Wolstenholmes have closed. They conducted my conveyancing in Suffolk for a purchase of a leasehold flat 10 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Suffolk conveyancing specialists.
How does conveyancing in Suffolk differ for new build properties?
Most buyers of new build premises in Suffolk contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Suffolk typically purchase 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 conveyancers 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 accustomed to new build conveyancing in Suffolk or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Suffolk in advance of appointing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Suffolk. Conveyancing will be smoother if you use a solicitor in Suffolk especially if they are familiar with such properties in Suffolk.
Am I best advised to go with a Suffolk conveyancing solicitor based in the vicinity that I am purchasing? An old friend can execute the legal work but they are based 300kilometers drive away.
The benefit of a local Suffolk conveyancing practice is that you can pop in to execute documents, present your ID and apply pressure on them where appropriate. Having local Suffolk know how is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and on the whole were impressed that should trump using an unfamiliar Suffolk conveyancing lawyer solely due to them being Suffolk based.