Would the conveyancing solicitors identified via your search tool carry out auction conveyancing in Feltwell?
There are a few niche solicitors we can put you in touch with those who can conduct auction conveyancing. Feltwell is one of our areas of where our lawyers have offices.
Do lawyers request money on account for conveyancing in Feltwell?
If you are buying a property in Feltwell your solicitor will ask you to provide them with funds to cover the search fees. Generally this is asked for to cover the fees of the Local Authority Search. If any down payment is as part of the sale price then this should be needed immediately ahead of exchange of contracts. Any further balance that is due should be transferred shortly before completion.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Feltwell. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 6/5/2024, the requirements read as follows :
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Feltwell I like with amenity areas and station nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Feltwell suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
Am I best advised to choose a Feltwell conveyancing practitioner based in the area that I am hoping to buy? An old friend can perform the conveyancing however his firm is located approximately 350kilometers away.
The primary upside of using a local Feltwell conveyancing practice is that you can visit the firm to sign documents, hand in your identification documents and pester them where appropriate. Having local Feltwell know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and in the main were happy that should trump using an unfamiliar Feltwell conveyancing solicitor solely due to them being round the corner.