I am purchasing an apartment in Felixstowe. My Solicitor is not on the mortgage company solicitor panel. Am I still permitted to appoint my Felixstowe conveyancing solicitor even though they are excluded from the bank list of approved lawyers?
You have a number of choices open to you here
- Proceed with your preferred Felixstowe solicitor but your bank will no doubt use a solicitor on their approved list. This will result in additional charges together with likely interruption.
- Choose a new lawyer to act in the purchase, making sure they are on the bank conveyancing panel.
- Convince your conveyancer to do everything within their powers to get accepted on the bank’s conveyancing panel
At what point will exchange of contracts occur in purchase conveyancing in Felixstowe and am I required to attend the lawyers branch?
If you are local to our conveyancing solicitors in Felixstowe you are welcome to come in to sign the paperwork. That being said, the lender approved solicitors we recommend provide a nationwide conveyancing service and give just as detailed and professional a job for you when communicating with you electronically. The signing of the contract is not when everything is set in stone. A signed contract is necessary for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Felixstowe)to be in the office available at the end of the phone to exchange contracts.
I require fast conveyancing in Felixstowe as I have a deadline to exchange contracts within one month. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are not getting a mortgage you have the choice not to have searches carried out although no lawyer would advise that you don't. With lots of history conveyancing in Felixstowe the following are examples of what can arise and therefore affect future mortgageability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
What tools are available to identify a Felixstowe law firm on the The Royal Bank of Scotland conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the lawyer.
You can use the tool on this website. Please pick a lender and your location and you will see a number of Felixstowe conveyancing lawyers locally. We have detailed some Felixstowe conveyancing firms at the bottom of this page and you can contact them to verify if they are on the The Royal Bank of Scotland member panel
I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have subsequently found out that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Felixstowe. Conveyancing advisers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Felixstowe ?
Most houses in Felixstowe are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Felixstowe so you should seriously consider shopping around for a Felixstowe conveyancing solicitor and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is part of an estate. Your solicitor will appraise you on the various issues.
I bought a basement flat in Felixstowe, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Felixstowe with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease finishes on 21st October 2083
With only 59 years remaining on your lease we estimate the price of your lease extension to be between £20,900 and £24,200 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.