I plan on acquiring a maisonette in Bungay. My Conveyancer is not on the bank solicitor list. Can I still retain my Bungay conveyancing solicitor even though they are excluded from the mortgage company panel?

You will need to use a to deal with the legal work required when you require a mortgage to purchase your property. They will carry out all the essential investigations on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is dealt with. You can appoint a Bungay of your choosing. However, where the appointed is not on the lender approved list supplemental fees will be incurred as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so where your lawyer has not historically sought membership they should do so.

four months have gone by since my purchase conveyancing in Bungay took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Bungay I like with open areas and railway links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Bungay suitable, so just wondered if I would be making a mistake acquiring a short lease?

Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

I need to retain a conveyancing solicitor for freehold conveyancing in Bungay. I've land on a web site which appears to be the ideal solution If it is possible to get all this stuff done via email that would be ideal. Should I be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I dont have enough spare money to pay a 10% deposit on my flat purchase in Bungay , but I am keen exchange. What can I do?

One option is to try and accept a smaller deposit. Most vendors will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment