We just had an offer accepted to purchase with Loughborough BS. We have called around locally yet am struggling to find a Ipswich conveyancing firm on the Loughborough BS panel. Could you assist?

Please do take advantage of the find a lender approved solicitor tool on this web page. Please choose the lender and type Ipswich or your preferred area and you will be presented with a number of lawyer offices in Ipswich or nearest you.

I had a mortgage agreed in principle with Bank of Ireland. Ipswich conveyancing lawyers are instructed. How long does it take for Bank of Ireland to issue the offer to the lawyer?

Some lenders take longer than others. Have Bank of Ireland completed the valuation? Have you advised Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

We expect to receive a DIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Ipswich solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Ipswich solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.

RBS have agreed my mortgage in principle, my offer on a apartment in Ipswich has been accepted, what are the next steps?

Your property agent will wish to be advised as to your lawyer's details (be sure the lawyers are on the lender’s approved list). Telephone RBS or your financial adviser and finish off any appropriate paperwork. RBS will appoint a valuer who will get in touch with the selling agent or vendor to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. RBS will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Ipswich.

How does conveyancing in Ipswich differ for new build properties?

Most buyers of new build premises in Ipswich come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Ipswich tend to buy 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 conveyancers 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 Ipswich or who has acted in the same development.

In what way does the Landlord & Tenant Act 1954 affect my business property in Ipswich and how can you help?

The particular law that you refer to gives a safeguard to commercial leaseholders, giving them the right to make a request to court for a renewal tenancy and continue in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Ipswich

I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great price which is making it all the more appealing. I have subsequently been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Ipswich. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

The majority of houses in Ipswich are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Ipswich in which case you should be shopping around for a Ipswich conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your solicitor will advise you fully on all the issues.

Ipswich Leasehold Conveyancing - Sample of Queries before Purchasing

Can you inform me if there are any major works in the planning that could add a premium to the maintenance costs? How is the lease structured? Plenty Ipswich leasehold apartments will incur a service bill for the upkeep of the building set on behalf of the management company. Where you acquire the property you will have to meet this liability, usually quarterly throughout the year. This may vary from a couple of hundred pounds to thousands of pounds for large purpose-built blocks. In all probability there will be a ground rent to be met yearly, normally this is not a significant figure, say about £25-£75 but you should to check it because occasionally it could be many hundreds of pounds.