The mortgage agreement from Santander for the refinancing of my 2 bedroom maisonette is expected by the end of next week. Can you put forward a low cost conveyancing lawyer in Watton?

You have arrived at the wrong place to search for cut-price fees for conveyancing in Watton. We can offer you excellent value conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing organisations enticing you with £100 conveyancing in Watton. At best, in deciding on cheap conveyancing, you will end up with what you pay for and at worst you will end up with a surprising uplift in additional fees and still not get the service you were looking for.

We see that you have a search directory listing law firms on the RBS conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Watton?

We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Watton.

How does conveyancing in Watton differ for new build properties?

Most buyers of new build or newly converted property in Watton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because builders in Watton 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 conveyancing solicitors 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 Watton or who has acted in the same development.

I decided to have a survey completed on a property in Watton before retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks will refuse to issue a mortgage on this type of premises.

It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Watton. Conveyancing may be slightly more expensive based on your lender's requirements.

I am employed by a long established estate agency in Watton where we have experienced a few flat sales put at risk due to leases having less than 80 years remaining. I have received conflicting advice from local Watton conveyancing solicitors. Please can you confirm whether the seller of a flat can start the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have 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.

An alternative approach is 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 buyer.

Watton Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing

What restrictions are contained in the Watton Lease? The prefered form of lease structure is a share of the freehold. In this scenario the leaseholders benefit from control and notwithstanding that a managing agent is often employed where it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Are there any major works anticipated that could increase the service fees?