Me and my fiance are buying property in Soham. My Conveyancer is not on the mortgage company solicitor list. Am I still permitted to continue with my Soham conveyancing solicitor even though they are excluded from the lender list of approved lawyers?

One will need to appoint a solicitor to complete the legal work required when you require a loan to purchase your property. The lawyer will carry out all the appropriate investigations on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage paperwork is in order. You could appoint a Soham conveyancing practitioner of your choosing. Nevertheless, where the lawyer appointed is not on the bank conveyancing panel further costs will arise as separate legal representation will be need by the bank. Lender panel applications may be submitted, so where your solicitor has not in the past sought membership they should do so.

How does conveyancing in Soham differ for new build properties?

Most buyers of new build or newly converted property in Soham come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Soham tend to purchase the site, 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 property lawyers 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 Soham or who has acted in the same development.

I am looking to sell my house. My previous lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Soham if that makes things easier.

Do use our search tool to help you choose a solicitor for your conveyancing in Soham. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

What are the frequently found deficiencies that you encounter in leases for Soham properties?

Leasehold conveyancing in Soham is not unique. All leases are individual and legal mistakes in the legal wording can result in certain clauses are wrong. The following missing provisions could result in a defective lease:

Insurance obligations

A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, The Royal Bank of Scotland, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the purchaser to pull out.

I bought a ground floor flat in Soham, conveyancing formalities finalised March 2007. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Soham with over 90 years remaining are worth £227,000. The ground rent is £50 yearly. The lease terminates on 21st October 2096

With 72 years unexpired the likely cost is going to range between £9,500 and £11,000 as well as costs.

The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

How do I find the right lawyer for my conveyancing in Soham ?

Option 1 is to ask the people you trust who they used in the past and if they were happy with the service. Option 2 is to use a search tool on the web for conveyancing in Soham. Call a couple or more firms from the list and ask them to send you their conveyancing fees and discuss your needs with the solicitor who will conduct your conveyancing before you make your decision. Option 3 is to make use of this site to assist you in finding the right lawyers taking into account your unique factors including location,speed, complexity and who your intended mortgage company is.Do not be fooled by £99 conveyancing solicitors in Soham