I am in the throes of swapping over from my current residential home loan to a BTL mortgage. I have been informed by my broker that I must appoint a conveyancer as part of the process. I spoke to my former Felixstowe conveyancing solicitor who dealt with the legals when I previously purchased the premises. The fee calculation sent of £450 plus VAT has taken me by surprise as I am not require purchase conveyancing - it’s simply a bog-standard refinance.

The estimate fees are a bit high. If you are content to expend time scrutinising charges you might trim some of the cost by as much as a hundred pounds. On the other hand, assuming were pleased with the conveyancing the firm gave you couldlive to regret opting for an an unknown solicitor. Don't forget to enquire the conveyancer can also act for . Do utilise our search tool to choose a Felixstowe conveyancing firm on the member panel, which can often include conveyancing solicitors in Felixstowe.

I have justdiscovered that Action Conveyancing have closed. They carried out my conveyancing in Felixstowe for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is in my name in the name of the previous owner?

The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Felixstowe conveyancing specialists.

Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Felixstowe I like with open areas and transport links nearby, the downside is that it only has 49 remaining years left on the lease. There is not much else in Felixstowe for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can ask them to 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.

I'm converting the mortgage on my existing home to a buy to let mortgage with and I will use the rest of the raised equity as a down payment on another property. The area we are talking about is Felixstowe. Will your conveyancers be able to act for the two lenders and tie in the conveyances?

Do use our search tool on this site to check that the solicitors are approved by both mortgage companies. Having checked that they are the solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and communicate your desired outcome and needs.

My wife and I purchased a leasehold house in Felixstowe. Conveyancing and mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Felixstowe who acted for me is not around. What should I do?

The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Felixstowe conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Felixstowe - Sample of Questions you should consider Prior to Purchasing

You should want to discover as much as possible concerning the managing agents as they can either make living at the property much easier or a lot more difficult. As the proprietor of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to every day issues like the upkeep of the common parts. Ask other tenants what they think of their service. On a final note, investigate as to the dates that the maintenance charges are due to the relevant party and precisely what you get for your money. How is the lease structured? How much is the service charge and ground rent on the apartment?