Is it realistic for conveyancing in Taverham to be concluded in less than a month?
In a situation where the seller is applying a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will benefit local connections and insight. It is possible that they would have handled previoushomes in the same street. You would be best advised to use a Taverham conveyancing lawyer. In addition, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that 18% of Taverham conveyancing deals are frustrated or jeopardised after discovering a purchaser’s lawyer was not on their banks panel. In many cases this discovery resulted in the buying process being delayed by as much as three weeks. It is said that this issue affects in the region of 100,000 home moves every year. Most Taverham conveyancing practices can not represent certain lenders so do check as early as possible.
I am selling my apartment in Taverham. Will my lawyer need to be on the RBS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
We are planning to move property in May. Will my conveyancing solicitor liaise with the removal company on the completion day. On a separate note, can you suggest a removal company in Taverham. Conveyancing firm was found prior to coming across your page.
On the day of completion you can collect the house keys from your property agent however this can only happen after the sellers solicitors inform the agent that they have the completion monies and the keys can be passed over. After that you will need to tell the removal company that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in locating a conveyancing in Taverham or a lawyer with expertise in conveyancing in Taverham.
My offer was accepted on a house in Taverham on 7/1/2026, valuation was booked 2 days after, received a clean bill of health. Conveyancer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Are Bank of Ireland entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have instructed a Taverham property lawyer having made sure that they are on the Aldermore conveyancing panel. Does my lawyer arrange the survey of the property?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Taverham surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
How does conveyancing in Taverham differ for newly converted properties?
Most buyers of new build premises in Taverham come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Taverham usually buy the real estate, 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 used to new build conveyancing in Taverham or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Taverham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Taverham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Taverham you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Taverham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am attracted to a two apartments in Taverham both have approximately fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Taverham is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the marketability of the premises. The majority of buyers and lenders, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Taverham conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Taverham Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
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Plenty Taverham leasehold apartments will be liable to pay a service bill for the upkeep of the building levied on behalf of the landlord. Where you purchase the apartment you will have to pay this contribution, normally quarterly during the year. This may 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 yearly, normally this is not a exorbitant sum, say approximately £50-£100 but you need to check as on occasion it can be surprisingly expensive. Best to be warned if window replacement or some other significant cost is coming up that will be shared by the leasehold owners and will dramatically impact the level of the service costs or require a specific invoice. Generally speaking the outlay for major works are not built into the service charges, although a few managing agents in Taverham ask leasehold owners to contribute towards a sinking fund and this is used to offset against major works.