Me and my partner are soon to exchange buying a house in Stowmarket but as a consequence of wreckage from the recent storms I have managed to agree compensation from the seller of £3k by way of a adjustment in the price. This was going to be addressed as part of a side agreement however Virgin Money will not permit this. Should they have been notified?

The lawyer being on a Virgin Money conveyancing panel is required to advise Virgin Money of any amendments to the purchase price. If you were to refuse your property lawyer to notify the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new conveyancing practitioner for your conveyancing in Stowmarket.

I am close to exchanging contracts on the sale of our property in Stowmarket and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Stowmarket lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed a national conveyancing firm rather than a conveyancing solicitor in Stowmarket. We have lived in Stowmarket for six years we know that this is a non issue. Should we contact our local Authority to get confirmation that the buyers are looking for.

It sounds as though you may have a conveyancing firm already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)

I have todaydiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Stowmarket for a purchase of a leasehold flat 18 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?

The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stowmarket conveyancing specialists.

What advice can you give us when it comes to finding a Stowmarket conveyancing firm to carry out our lease extension conveyancing?

When appointing a conveyancer for lease extension works (regardless if they are a Stowmarket conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Stowmarket conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:

If they are not ALEP accredited then what is the reason?

I bought a basement flat in Stowmarket, conveyancing formalities finalised 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Stowmarket with over 90 years remaining are worth £227,000. The ground rent is £50 per annum. The lease finishes on 21st October 2097

With just 72 years left to run we estimate the premium for your lease extension to be 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 supply the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.

I have been Googling for Stowmarket conveyancing quotes online. Can I be assured that all the Stowmarket practices that are identified on your directory are on the bank conveyancing panel?

The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Stowmarket conveyancing solicitor being on the mortgage company conveyancing panel is not accurate.