Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Bungay?

Two types of professional can conduct conveyancing in Bungay namely CLC regulated conveyancers or solicitors. The two can handle conveyancing services that you need to complete the disposal or purchase of property. They are both required to execute Bungay conveyancing to the same standards and guidelines so you can be sure that your conveyancing will be professionally conducted and that the requirements and procedures should be suitably adhered to.

I happen to be the single beneficiary of my late father’s estate with all property in now in my sole name, including the house in Bungay. The Bungay property was put into my name in March. I plan to dispose of the property. I do know about the CML 6 month 'rule', meaning my property ownership will be regarded the same way as if I'd bought the house in March. Will no one buy the property for half a year?

The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some lenders would take a sensible view as this requirement is chiefly there to pick up on the purchase and immediately sell or the flipping of properties.

I had a mortgage agreed in principle with Virgin Money. Bungay conveyancing solicitors have been instructed. What is the average time that one could expect to receive a mortgage offer from Virgin Money?

There is no definitive answer here. Have Virgin Money done the valuation? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Bungay?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Bungay. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

How does conveyancing in Bungay differ for newly converted properties?

Most buyers of new build residence in Bungay contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Bungay typically acquire 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 used to new build conveyancing in Bungay or who has acted in the same development.

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

The particular law that you refer to affords a safeguard to business tenants, giving them the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Bungay

I have been looking for Bungay competitive conveyancing fees. Can I be assured that all the Bungay firms that are identified on your site are on the bank conveyancing panel?

The solicitor and licensed conveyancing practices on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Bungay firm being on the bank conveyancing panel is not accurate.