We were about to instruct a conveyancing solicitor in Bungay found by you but have come across some other quotes on the internet look less expensive – why is this?

You can find many firms of firms promoting supposedly cheap conveyancing, unfortunately it’s common in such cases for supplementalfees end up with the completion fee being inflated. According to the Legal Ombudsman fees listed in terms and conditions should be equitable invoiced The law firms that we put forward for conveyancing in Bungay genuinely set out all legal fees for the property you plan tobuy.

We see that you have a post code search directory listing law firms on the Santander conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Bungay?

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

I moved into my flat on 9 February and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Bungay expressed confidence that it would be recorded in a couple of weeks. Are titles in Bungay particularly slow to register?

As far as conveyancing in Bungay is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. At present in the region of three quarters of submission are completed within 12 days but some can be subject to protracted delays. Registration is effected after the buyer has moved in to the property therefore post completion formalities is not always primary concern but where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for an expedited registration.

I am looking for a flat up to £245,000 and found one close by in Bungay I like with open areas and transport links nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Bungay in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you require a home loan that many years will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.

Looking forward to complete next month on a basement flat in Bungay. Conveyancing lawyers assured me that they will have a report out to me within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Bungay should include some of the following:

You should receive a copy of the lease You should have a good understanding of the insurance provisions Responsibility to repair and maintain the building. It is important for you to know who is liable for the repair and maintenance of all parts of the block and estate if lease caters for for a sinking fund?

I invested in buying a 1 bedroom flat in Bungay, conveyancing formalities finalised 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Bungay with over 90 years remaining are worth £185,000. The ground rent is £65 invoiced annually. The lease ceases on 21st October 2085

With only 60 years unexpired we estimate the price of your lease extension to range between £20,000 and £23,000 as well as plus your own and the landlord's "reasonable" 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 the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.