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Ready to buy a new home in Ely? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Ely home move at risk of delay or failure.

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Recently asked questions about conveyancing in Ely

Why would I use a Ely conveyancing firm when internet based conveyancers are less overpriced?

Its a good idea to scrutinise conveyancing costs in Ely and you should seek a reasonable fee calculation but don’t expend your energy sourcing the lowest priced Ely conveyancer. Identifying the right conveyancer can mark the difference between a seamless and a frustrating move. It is important that you ensure that you have expert advice from a trusted conveyancer. An e-mail can never replace a phone conversation and are no substitute for a face to face consultation. Our partner firms will find you a qualified and experienced conveyancing solicitor that will tackle your conveyancing from from the outset to completion, providing a level of hand holding that you rarely receive from an internet conveyancer. He or She will contact you regularly to update you as to any developments and keep you informed. Should it ever be necessary to call the firm you will know who you need to speak to and we'll ensure you are kept fully informed.

We are purchasing a property in Ely. It might be a silly question but how we can trust a solicitor? On the day of competition we have to put funds into their account. What is the protection we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

My bid for a property was accepted at auction in Ely. Conveyancing is necessary. What happens now?

Now that you have exchanged you must appoint a conveyancing practitioner soon as you are faced with a tight a fixed date to complete the purchase. Every auction property should have a bespoke legal set of papers. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to a leasehold property. You should pass this on to your appointed conveyancing solicitor ASAP. Do make sure that you have funds in place to complete on the date specified in the contract.

The mortgage over my property is with Nottingham for my property in Ely. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?

You must advise Nottingham in advance of letting out your property as this is likely to be a breach of Nottingham’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. It should not be necessary to do this via a Nottingham conveyancing panel lawyer.

I am buying a new build flat in Ely. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Ely

    Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan.

I opted to have a survey carried out on a property in Ely before appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some banks tend refuse to issue a mortgage on such a house.

It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you contact us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ely. Conveyancing will be smoother if you use a solicitor in Ely especially if they regularly deal with such properties in Ely.

In what way can the Landlord & Tenant Act 1954 affect my commercial property in Ely and how can your lawyers assist?

The particular law that you refer to provides a safeguard to commercial tenants, granting the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Ely is one of the many areas of the UK in which our lawyers are based

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Ely
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Milton
Newmarket
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Find out more about how flying freehold can affect your the value of a property.