Having been recommended your organisation we were going to appoint conveyancing solicitor in Mildenhall listed on your site but have come across alternative estimates via the web appear cheaper – why is this?

You can find hundreds of solicitors offering what appear to be cut price. Our advice is to think long and hard as to how much you respect your own move to want to be penny wise pound foolish in relation to the quality of the legal work. Some hide extras deep into the terms of engagement. The solicitors that we put forward for conveyancing in Mildenhall neverbehave this way.

I had intended to instruct a property lawyer in Mildenhall for our house purchase. Our financial adviser informed us that our mortgage lenders Nottingham Building Society won't deal with them. Why is this not regarded as unduly restrictive?

Mortgage Companies on the whole restrict either the type or the amount of conveyancing firms on their member panel. Typical examples of such restriction(s) being that a law practice must not be a sole practitioner. As well as restricting the type of firm, some have reduced the amount of solicitor practices they allow to represent them. Be aware that Nottingham Building Society have no responsibility for the quality of advice provided by any member of Nottingham Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels a few years ago even though there remains differing views about the extent of solicitor engagement in some of that fraud. Data from the Land Registry reveal that thousands of law firms, including some in or near Mildenhall only perform a couple conveyances per annum.

Should I instruct a Mildenhall conveyancing practitioner based in the area that I am purchasing? I have an old university friend who can deal with the legal work however her office is a couple of hundredmiles away.

The primary upside of using a local Mildenhall conveyancing practice is that you can pop in to sign documents, deliver your ID and pester them where appropriate. Having local Mildenhall know how is a benefit. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and the majority were content that should trump using an unfamiliar Mildenhall conveyancing lawyer solely due to them being based in the area.

I am attracted to a couple of apartments in Mildenhall which have about forty five years left on the leases. Do I need to be concerned?

There are plenty of short leases in Mildenhall. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this field.

Mildenhall Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying

It would be wise to discover as much as you can regarding the managing agents as they can either make life much easier or a lot more difficult. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to daily matters like the cleanliness of the communal areas. Enquire of prospective neighbours if they are happy with their management. In conclusion, be sure you know the dates that you are obliged pay the service charge to the appropriate party and precisely how they are spending that money. The majority of Mildenhall leasehold properties will have a service charge for maintenance of the building levied by the freeholder. If you purchase the apartment you will have to meet this contribution, usually periodically throughout the year. This can vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay yearly, normally this is not a significant amount, say approximately £25-£75 but you should to check as on occasion it could be surprisingly expensive. How many of the leaseholders are in arrears for their service charge payments?

I'm remortgaging a property in Mildenhall. I can find my conveyancer's company on the Law Society's list, but I can't see my lawyer's name on the list. Should I be concerned?

Not all staff in the law firm must be listed by the regulator. As long there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unlicensed staff.