I am being told by my solicitor that chancel insurance is required on my purchase. What is the level of cover for Walsingham conveyancing?

The right level of chancel indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Skipton Building Society. Conveyancing lawyers as opposed to members of the public take out such policies.

The mortgage over my property is with Nationwide for my property in Walsingham. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nationwide?

Your original mortgage agreement with Nationwide will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Nationwide’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. It should not be necessary to do this via a Nationwide conveyancing panel solicitor.

Planning on purchasing a house in Walsingham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Walsingham property lawyer is on the Skipton conveyancing panel.

How does conveyancing in Walsingham differ for newly converted properties?

Most buyers of new build residence in Walsingham contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because house builders in Walsingham tend to purchase the land, 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 conveyancers 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 used to new build conveyancing in Walsingham or who has acted in the same development.

I decided to have a survey carried out on a property in Walsingham before instructing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may refuse to grant a loan on such a house.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Walsingham. Conveyancing may be slightly more expensive based on your lender's requirements.

My company is looking to take over a lease of a shop on the high street. Can you recommend solicitors offering no-move-no charges for commercial conveyancing in Walsingham for less than £1,200?

We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Walsingham, including the sale and purchase of businesses as well as simply property. Whether you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. Regarding the costs these will vary based on the structure and terms of the proposed transaction. Please provide us with your details or telephone us so that we can furnish you with a fixed commercial conveyancing quote.

There are numerous houses in Walsingham on unadopted roads. We are acquiring such a property. What are the pros and cons of purchasing a house on a private road?

Walsingham conveyancing practices will be used to conveyancing homeson unadopted roads. The lawyer will investigate Land Registry data to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that residents make annual contributions for the upkeep of the road. Where one exists, the road will likely be maintained and look nicer than council owned.