Why would I use a Downham Market conveyancing practice when internet based alternatives are easier on the wallet?

To take your time to find compare conveyancing costs in Downham Market and you should seek a reasonable estimate but don’t become consumed with sourcing the cheapest Downham Market conveyancer. Appointing the right conveyancer can mark the difference between a smooth and a stressful home move. It is important that you ensure that you have expert guidance from a trusted conveyancer. An e-mail can never take the place of a phone call and are no substitute for a one to one appointment. Our partner firms will allocate you a qualified and experienced conveyancing solicitor who can tackle your conveyancing from beginning to end, providing a level of continuity that you rarely receive from an internet conveyancer. Our lawyers will keep you updated on any developments making sure that you are regularly updated. Should it ever be necessary to call the office you will know who to ask for and we'll be sure you are in the know.

Our solicitor has identified a defect with the lease for the property we are buying in Downham Market. The seller’s lawyers have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must check that the mortgage company is happy with this solution. Who is the client here, us or the lender?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.

How does conveyancing in Downham Market differ for new build properties?

Most buyers of new build premises in Downham Market contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Downham Market 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 property lawyers 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 Downham Market or who has acted in the same development.

Can you provide any advice for leasehold conveyancing in Downham Market from the perspective of speeding up the sale process?

• A significant proportion of the delay in leasehold conveyancing in Downham Market can be bypassed where you get in touch lawyers the minute you market your property and ask them to collate the leasehold documentation which will be required by the purchasers’ representatives.
In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Downham Market leases often stipulate that internal structural alterations or addition of wooden flooring necessitate a licence from the Landlord acquiescing to such alterations. If you dont have the consents to hand do not contact the landlord without checking with your conveyancer before hand. If you have the benefit of shareholding in the freehold, you should make sure that you are holding the original share certificate. Obtaining a duplicate share certificate can be a time consuming process and delays many a Downham Market home move. If a new share certificate is necessary, do contact the company director and secretary or managing agents (where relevant) for this at the earliest opportunity. If you have had conflict with your landlord or managing agents it is essential that these are settled prior to the flat being marketed. The buyers and their solicitors will be reluctant to purchase a property where a dispute is unsettled. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic rather than unsettled.

Downham Market Leasehold Conveyancing - Sample of Queries Prior to buying

How many of the leaseholders are in arrears for their maintenance charge payments? Plenty Downham Market leasehold flats will be liable to pay a service charge for maintenance of the block invoiced by the landlord. If you buy the flat you will have to meet this contribution, usually quarterly throughout the year. This can differ from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent for you to pay annual, this is usually not a significant figure, say approximately £50-£100 but you should to check it because occasionally it can be surprisingly expensive.

I have been advised by various estate agents to expect six to eight weeks for Downham Market conveyancing to complete.This was 3 ago. The draft contract was only sent from the vendors conveyancing practitioner last week so does the clock start running now?

One should treat with caution of any conveyancer guaranteeing fast completion times. Rather you should enquire about the average time it takes for them to complete Downham Market conveyancing deals and whether they are happy to aim towards your proposed completion date for your conveyancing in Downham Market