Conveyancing In Felixstowe Q & A's
We are using a lender in Suffolk, and need to know which Felixstowe lenders your solicitors work with. Whose panels are you a member of?
We work with all the major lenders approved by the Council of Mortgage Lenders. A number of mortgage specialists operate in Felixstowe, like Direct Mortgages Consortium Ltd, 2 Great Colman St, Ipswich, IP4 2AD, Mortgage Innovations, Lindos, Witnesham, Ipswich, IP6 9EW, and Trenter Bacon Ltd, Unit 3 The Maltings/The Quayside Maltings/High St, Mistley, Manningtree, CO11 1AL.
What environmental concerns can affect land in Felixstowe?
A wide range of contaminants can affect property, like masts or pylons and limestone or gypsum quarrying. An environmental search should offer more information.
Should I accept an offer on my home if I haven’t found one to buy?
From your prospective buyer’s standpoint, they are not going to want to wait around for you to find somewhere to move to necessarily, meaning that they might drop out of the process to look for a property that is more readily available. However, you might want to have the discussion with your estate agent as to the best way to manage this as part of the process of putting your house on the market.
It’s not always going to be easy for everyone in the chain to have everything lined up from mortgage offers, sale price agreements, solicitors, surveys and so on. Therefore, you can be honest and tell your prospective buyer that, while you’re accepting the price, you haven’t completed your part in the chain; if they are unhappy with this, your other option is to consider a short-term rental or moving in with friends temporarily to protect the sale.
With our experienced solicitors at low, fixed-fee quotes with 'No Completion, No Fee' protection, Homeward Legal is in the best position to look after your conveyancing. Call us now on 0800 038 6699 to get started.
What average time should it take my assigned property lawyer to finish the legal work on a maisonette in a building we are thinking of buying in Felixstowe?
Completion can take anywhere between 1 month and 12 weeks, which can be affected by various factors, for example the speed of the vendor's conveyancing solicitor, or absent parties.
What’s the difference between residential and commercial conveyancing?
In essence, there is very little difference between the tasks needed for residential conveyancing against commercial conveyancing. The real difference comes in the type of property and the purpose for which it is intended to be used.
The majority of residential transactions are freehold, whereas commercial transactions are almost exclusively leasehold, and commercial property conveyancing searches will tend to be more expensive because the structure and land will occupy a greater space on average than that for residential property.
Can I change the purpose of use for a purchase as part of the conveyancing procedure?
Putting in a planning request to change the use of part or all of a property is a straightforward process and you can deal directly with the local authority, which authorises plans and requests. However, tying it in with a planned purchase of a property has its own problems, since you don’t yet formally own the property, and the length of time to get through the planning process (with no guarantee of success) will need to be factored into the purchase duration, which the seller may not agree to.
We would advise you to either buy the property and then put in the planning request after completion (or exchange at the very earliest), or buy a property that’s already fit for your purposes. Or you might be lucky to find a property that already has the relevant planning consents in place.
We are going to purchase with Skipton Building Society, what will I need to be aware of?
Traditionally, most conveyancing solicitors were able to undertake legal work for a lender. In some cases, lenders have opted to reduce the size of their 'solicitor panel', potentially creating higher conveyancing costs for buyers. We, though, are able to act on behalf of many mortgage lenders so that the buyer will not have to pay legal costs to your lender's solicitor.
Should I be worried about gazumping?
Gazumping occurs when a owner approves an offer, only to reject it in favour of a higher offer. The risk of getting gazumped exists for almost any purchase. Consider instructing a property solicitor as soon as you can to reduce the chance of your offer being gazumped.