My best friend’s sister is a solicitor. I anticipate that I will receive mate’s rates for conveyancing, However if that does not come materialise, what level of costs would I typically be looking at for conveyancing in Lowestoft?

You should contrast pricing. Make use of our comparison tool on this page. The prices seem to contrast greatly but the service one can expect are distinct between conveyancers as is true with the vast majority of professional services.

At what point will exchange of contracts take place for purchase conveyancing in Lowestoft and am I required to attend the lawyers branch?

Where you are local to one of the conveyancing solicitors in Lowestoft you are invited in to sign documents. That being said, the law practices we work with provide a nationwide conveyancing service and provide just as diligent and professional a job for you when communicating with you digitally. The signing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Lowestoft)to be in the office available at the end of the phone to exchange contracts.

five months have elapsed since my purchase conveyancing in Lowestoft concluded. I have checked the Land Registry site which shows that I paid £175,000 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 residence 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 flat up to £245,000 and found one round the corner in Lowestoft I like with open areas and transport links nearby, the downside is that it's only got 61 years on the lease. I can't really find anything else in Lowestoft suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a mortgage the shortness of the lease may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

I own a leasehold flat in Lowestoft. Conveyancing and Norwich and Peterborough Building Society mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Lowestoft who previously acted has now retired. Any advice?

The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Lowestoft conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Lowestoft - A selection of Questions you should consider before buying

Does the lease contain onerous restrictions? Its a good idea to discover as much as possible concerning the company managing the building as they can either make living at the property much easier or problematic. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to daily matters such as the tidiness of the common parts. Enquire of prospective neighbours if they are happy with them. On a final note, investigate as to the dates that the service charges are due to the relevant party and precisely what you get for your money. Are any of leasehold owners in arrears of their service charge payments?