I have just started taking steps with the aim of porting my current residential loan to a Buy to Let National Westminster Bank mortgage. I have been informed by my broker that I require a lawyer as part of the process. I had a chat the same Sudbury conveyancing solicitor who acted on my behalf when I previously bought the premises. The costs illustration supplied of £500 has shocked me as its a refinance than a sale or purchase.

The estimate fees seem a bit high. If you shop around you could trim some of the cost by perhaps £100 plus VAT. That being said, providing that you were pleased with the assistance the firm offered you maylive to regret choosing an an unknown solicitor. Don't forget to enquire that the conveyancer can act for National Westminster Bank. Do utilise our search tool to choose a Sudbury conveyancing firm on the National Westminster Bank conveyancing panel, which can often include conveyancing solicitors in Sudbury.

At what point does exchange of contracts take place for purchase conveyancing in Sudbury and do I need to attend the lawyers office?

If you are local to our conveyancing solicitors in Sudbury you are welcome to attend to sign the paperwork. That being said, the firms we recommend offer a national conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the purchase agreement is not the point of no return. Signing on the dotted line is necessary for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Sudbury)to be in the office available at the end of the phone to exchange contracts.

I have been on the look out for a flat up to £245,000 and found one close by in Sudbury I like with amenity areas and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Sudbury for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you need a home loan that many years will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

My father has suggested that I use his conveyancers in Sudbury. Should I use them?

Much as we are happy to recommend a Sudbury conveyancing lawyer it’s preferable to find a conveyancing solicitor is to get referrals from friends or relatives who have actually experience in using the firm you're considering.

What if there is an issue with one of the searches for our conveyancing in Sudbury?

Usually, most problems revealed in Sudbury conveyancing search responses can be addressed in advance of completion or indemnity insurance may be put in place. It is important to note that even though you intend on purchasing the property and may be willing to accept the search results, your building society or bank may not, and ultimately they have the final say.