I am aiming to move property in March. Does my conveyancing solicitor liaise with the removal company on the completion day. On a separate note, can you put forward a removal company in Watton. Conveyancing lawyer was organised before I stumbled across your page.

On the afternoon of completion you can collect the house keys from the selling agent however this should only occur after the vendors conveyancers inform the agent that they have the completion monies and the keys can be collected. You can advise the removal men that you are ready to move in. We do not recommend a specific removal organisation but can assist you in choosing a residential property solicitor in Watton or a legal practice with expertise in conveyancing in Watton.

We previously appointed solicitors with offices in Watton on the Santander solicitor approved list. They have just billed me a separate sum for dealing with the Santander mortgage. Is this a supplemental conveyancing fee set by Santander?

Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitor may charge a fee for this. This charge is not set by Santander but by your Watton solicitor. Some firms on the Santander panel will quote ’dealing with mortgage’ fee and others do not.

I'm at the point of viewing apartments in Watton and I am about to put in an offer. Should I already have a conveyancing practitioner in place at this point? I intend to finance via a mortgage with Clydesdale.

It would be prudent to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are getting a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.

How does conveyancing in Watton differ for newly converted properties?

Most buyers of new build property in Watton approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is built. This is because developers in Watton typically 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 Watton or who has acted in the same development.

I decided to have a survey done on a property in Watton before retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies will refuse to issue a loan on this type of property.

It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Watton. Conveyancing will be smoother if you use a solicitor in Watton especially if they are acquainted with such properties in Watton.

I work for a busy estate agency in Watton where we have experienced a number of flat sales derailed due to leases having less than 80 years remaining. I have received conflicting advice from local Watton conveyancing firms. Could you shed some light as to whether the vendor of a flat can commence the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Leasehold Conveyancing in Watton - Examples of Queries Prior to Purchasing

Who are the managing agents? The prefered form of lease structure is where the freehold interest is owned by the leaseholders. In this situation the leaseholders enjoy control and although a managing agent is often employed where the building is bigger than a house conversion, the managing agent employed by the leaseholders. Does the lease have in excess of 85 years unexpired?

I am looking for Watton competitive conveyancing fees. Can I be confident that all the Watton firms that are listed on your site are on the bank conveyancing panel?

The law firms on our directory have assured us via an online form that they are on the bank 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 lender or a member of the public that the data about a specific Watton firm being on the mortgage company conveyancing panel is incorrect.