Find a Snettisham Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Snettisham

Would the conveyancing solicitors identified through your search tool conduct auction conveyancing in Snettisham?

There are a few auction lawyers we can connect you with those specialising in auction conveyancing. Snettisham is just one of the many areas of where our lawyers have a presence.

About to place an offer on a leasehold property in Snettisham. The selling agents say that it is standard for flats in Snettisham to have less than 75 years left on the lease. I am obtaining a mortgage with Platform. Is this going to be acceptable if the lease has 72 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/2/2019 the requirements read as follows :

70 years unexpired at application, 30 years at the end of the mortgage term, except where the mortgage application is pursuant to Platform's participation in the Government's Help to Buy Shared Equity scheme, in which case (a) the unexpired lease term must not be less than 250 years for new-build houses and not less than 125 years for new-build flats and (b) ground rent must be reasonable at all times and any escalation must be linked to RPI (Retail Price Index) or a similar index.

Will commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Snettisham?

Its becoming the norm that commercial conveyancing solicitors in Snettisham will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Snettisham. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Snettisham.

For each commercial conveyancing transaction in Snettisham it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Snettisham commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Snettisham.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Snettisham is the location of the property. Is there any guidance you can impart?

Flying freeholds in Snettisham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Snettisham you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Snettisham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

We are in the process of selling our flat in Snettisham. Conveyancing is fine but we have been asked to pay a fortune from the managing agents. To date we have forked out £250 for a leasehold management pack and then a further £200 plus VAT for responses to queries supplied by the purchaser's property lawyer.

You will not have control over the extent of the charges for this information but the average fee for the information for Snettisham leasehold property is £380. When it comes to Snettisham conveyancing transactions it is standard for the owner to pay for these charges. The freeholder or their agents are under no legal obligation to answer these questions most will be content to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no statute that mandates capped fees for administrative tasks. There is no legal time limit by which they are required to supply answers.

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Neighbouring Locations

Kings Lynn

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