My conveyancer has identified a a problem with the lease for the flat we are purchasing in Mildenhall. The other side have put forward defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancing practitioner says that he must be satisfied that the bank is content with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. The appropriate lender specifications have to be complied with.
I used Action Conveyancing a few years ago for my conveyancing in Mildenhall. I now require my papers but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Mildenhall of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking into buying my first house which is in Mildenhall and I am already nervous. I couldn't find anything specific about Mildenhall. Conveyancing will be needed in due course but do you know about the Mildenhall area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Mildenhall. In the meantime here are some basic statistics that we found
My father-in-law has encouraged me to appoint his conveyancing solicitors in Mildenhall. Should I use them?
No doubt the ideal way to choose a conveyancing solicitor is to get feedback from friends or relatives who have previously instructed the solicitor you're contemplating using.
Estate agents have just been given the go-ahead to market my ground floor apartment in Mildenhall. Conveyancing lawyers have not yet been instructed, however I have recently had a yearly maintenance charge invoice – Do I pay up?
It best that you pay the service charge as normal as all rents and maintenance invoices will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I invested in buying a 1st floor flat in Mildenhall, conveyancing having been completed in 1999. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Mildenhall with an extended lease are worth £176,000. The ground rent is £50 invoiced every year. The lease expires on 21st October 2099
With 80 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.