We see that you have a post code search directory identifying firms on the Bank of Ireland conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Halesworth?

We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Halesworth.

five months have gone by since my purchase conveyancing in Halesworth concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 property 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 have been on the look out for a leasehold apartment up to £245,000 and found one near me in Halesworth I like with open areas and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Halesworth in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner 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 term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

I need to appoint a conveyancing solicitor for residential conveyancing in Halesworth. I happened to land on a web site which appears to be the ideal offering If there is a chance to get all this stuff completed via email that would be preferable. Do I need to be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I own a leasehold flat in Halesworth. Conveyancing was finished in 2010. I have been told that I mustn’t let the lease length fall too short. Why is that a problem?

Halesworth domestic long term leases are for a prescribed term - usually ninety nine years when they started. However a significant appartments in Halesworth were built or converted 20 or more years ago and so such leases now have less than eighty years left to run. This may seem like a long time but Banks, Building Societies and other mortgage companies generally require leases to have at least 75 years remaining to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are approaching seventy five years. To increase the saleability of your property you should be considering whether to extend your lease well in advance of selling the property. Please note that there are advantages to taking action before the lease hits eighty years as when the lease falls below eighty years the premium to be paid to extend starts to escalate.