Is it realistic for conveyancing in Sprowston to be finalised inside 28 days?

First, If the seller is applying time constraints to sign contracts it is advisable to make sure that your lawyer is familiar with the location as they will have local contacts and know-how. It is possible that they may have conducted otherhouses in the same street. You would be best advised to use a Sprowston conveyancing solicitor. Second, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that nearly one in five of Sprowston conveyancing transactions are suspended or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s panel. This can often result in the home move being delayed by an average of 21 days. It is believed that this issue impacts approximately 100,000 home sales every year. Many Sprowston conveyancing firms can not act for certain banks so do check at the outset.

I am considering applying for a Nationwide mortgage for purchase of a new build (under development) in Sprowston with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?

In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Sprowston?

There are two types of lawyers who can carry out conveyancing in Sprowston namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that you need to complete the disposal or acquisition of property. Both are duty bound to perform Sprowston conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be properly conducted and that the requisite steps will be appropriately attended to.

I am due to move property in August. Does my conveyancing solicitor communicate with the removal company on the completion day. On a separate note, can you recommend a removal company in Sprowston. Conveyancing firm was organised before I stumbled across your page.

On the day of completion you can pick up the house keys from the property agent however this can only happen when the vendors lawyers inform the agent that they have the completion monies and the keys can be released. You should advise the removal company that you are ready to move in. We do not suggest a specific removal organisation but can assist you in finding a residential property solicitor in Sprowston or a solicitor that specialises in conveyancing in Sprowston.

Is it the case that all Sprowston solicitor practices on the RBS conveyancing panel are regulated by the Solicitors Regulatory Authority?

As solicitors, in order to be on the RBS conveyancing panel they would need to be overseen by the SRA. Some mortgage companies do allow licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.

I was advised by a number of estate agents in Sprowston to choose a solicitor using your seach tool. Is there a financial inducement for Estate Agents to recommend your site over and above a competitor’s?

We refuse to make any referral fee for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

I am looking at a two apartments in Sprowston both have approximately forty five years remaining on the lease term. Will this present a problem?

There are plenty of short leases in Sprowston. The lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the marketability of the lease decreases and it becomes more costly to extend the lease. For this reason it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena.

Sprowston Conveyancing for Leasehold Flats - A selection of Queries Prior to buying

Please inform me if there are any major works anticipated that could increase the maintenance charges? How many years remain on the lease? Generally speaking the outlay for major works are not included within service charges, although some managing agents in Sprowston obliged leasehold owners to contribute towards a reserve fund created for the specific intention of building a fund for larger repairs or maintenance.