How does conveyancing in Mildenhall differ for new build properties?

Most buyers of new build or newly converted property in Mildenhall come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Mildenhall typically buy the land, 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 accustomed to new build conveyancing in Mildenhall or who has acted in the same development.

I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Mildenhall is where the house is located. Is there any guidance you can impart?

Flying freeholds in Mildenhall are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Mildenhall you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mildenhall may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

How simple is it to change solicitor as I need to retain one who is on the Clydesdale conveyancing panel. I had appointed a high street conveyancing solicitor in Mildenhall round the corner but the firm is not accepted by Clydesdale

It would be our pleasure to help you find a conveyancing solicitor in Mildenhall on the Clydesdale panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Mildenhall. Using the find a conveyancing solicitor tool on this site, you can contrast fees for conveyancing solicitors in Mildenhall and beyond.

I have just started marketing my basement flat in Mildenhall. Conveyancing lawyers have not yet been instructed, however I have just received a quarterly maintenance charge demand – what should I do?

The sensible thing to do is discharge the maintenance contribution as you normally would because all ground rent and maintenance invoices should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I acquired a split level flat in Mildenhall, conveyancing was carried out in 2010. How much will my lease extension cost? Similar flats in Mildenhall with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2077

With just 53 years unexpired the likely cost is going to be between £27,600 and £31,800 as well as professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

We are soon to acquiring a property in Mildenhall. Conveyancing is not yet done but we wish to have our purchase price private from the likes of Zoopla. How could this be done?

HM Land Registry are legally bound to reveal price sold information on the official title for residential properties countrywide including premises in Mildenhall. The register of title is an open document, so the Land Registry would be breaching their statutory duty excluded specific properties such as the one in Mildenhall.

In essence you can ask the Land Registry to withhold the amount paid entry yet the response would be in the negative.