Do the conveyancing lawyers that you recommend handle right to buy conveyancing in Wroxham?

We have identified a number of conveyancing conveyancers carrying out right to buy conveyancing work Please call us to secure a costs illustration.

I have been referred to a conveyancing solicitor in Wroxham. I need to find out if they are on the The Mortgage Works approved list of lawyers. Can you help?

The first thing you should do is e-mail your solicitor and enquire if they can act for the bank. Alternatively you should get in touch with The Mortgage Works who may be able to confirm.

How does conveyancing in Wroxham differ for newly converted properties?

Most buyers of new build or newly converted property in Wroxham contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because developers in Wroxham usually buy the site, 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 Wroxham or who has acted in the same development.

I have been on the look out for a leasehold apartment up to £195,000 and found one near me in Wroxham I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Wroxham in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a home loan the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

Last July I purchased a leasehold house in Wroxham. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Wroxham Leasehold Conveyancing - Sample of Queries Prior to buying

Are any of leasehold owners in dispute over their service charge liability? This question is important as a) areas can cause problems for the block as the common areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will want to have full disclosure How much is the service charge and ground rent on the flat?