Me and my partner are soon to complete buying a property in Costessey but as a result of damage from the recent storms I have was able negotiate recompense from the owner of £3k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet Lloyds will not permit this. Why were they approached?

Your solicitor that is on the Lloyds approved list is required to advise Lloyds of any amendments to the sale price. If you prohibit your conveyancing practitioner to report the reduction to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new conveyancer for your conveyancing in Costessey.

I have an AIP. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to use a Costessey based conveyancing firm?

Do check but the chances are that give you one of their panel solicitors where you accept the "fee-free" deal. Call the bank and check if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Costessey.

About to purchase a new build flat in Costessey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Costessey

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

Am I right to be wary about estate agents that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a High Street Costessey conveyancing company?

As is the case with lots of professional services, often recommendations from connections can be worth their weight in gold. But there are numerous players in a conveyancing matter; estate agents, financial adviser and mortgage companies may put forward solicitors to instruct. On occasion the lawyers might be known to one of the organisations as experts in their field, but sometimes there may be a financial incentive behind the recommendation. You have the discretion to appoint your own lawyer. However, bear in mind that the majority of lenders specify a panel list of conveyancers you are obliged to use for the lender aspect of your conveyancing.

Planning to complete next month on a leasehold property in Costessey. Conveyancing lawyers have said that they report fully tomorrow. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Costessey should include some of the following:

Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? You should know whether the lease permits you to add or upgrade aspects of the flat- you should be made aware as to whether any restrictions relates to all alterations or just structural alteration, and whether licences for alterations is required You should have a good understanding of the insurance obligations You would want to receive a copy of the lease Repair and maintenance of the flat

Costessey Leasehold Conveyancing - A selection of Queries Prior to Purchasing

How much is the ground rent and service charge? How many years are left on the lease? Generally speaking the outlay for major works tend not to be included within maintenance charges, although some managing agents in Costessey require leasehold owners to contribute towards a sinking fund and this is used to offset against larger works.