I am purchasing a property without a mortgage in Diss. I have resided for the previous Seventeen years in Diss. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?

If you not getting a home loan, then almost all of the Diss conveyancing searches are optional. Your solicitor will ’encourage you, perhaps strongly, that you should have searches done, but she has a professional duty to take that path of advice. One thing to bear in mind; if you are likely to dispose of the house one day, it may be of relevance to your future buyer what the searches reveal. Sometimes houses with day to day issues can still throw up adverse search results. A good conveyancing solicitor in Diss will be able to give you some practical advice in this regard.

Do lawyers request an advanced payment for my conveyancing in Diss?

If you are buying a property in Diss your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. Generally this is asked for to cover the fees of the conveyancing searches. If any deposit is as part of the sale price then this should be required shortly in advance of exchange of contracts. The final balance that is needed should be transferred shortly before completion.

I am looking for a ground for flat up to £195,000 and found one near me in Diss I like with open areas and station nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Diss suitable, so just wondered if I would be making a grave error acquiring a short lease?

If you need a home loan that many years will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

What does commercial conveyancing in Diss cover?

Commercial conveyancing in Diss covers a wide range of guidance, supplied by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

What are your top tips when it comes to finding a Diss conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a solicitor for your lease extension (regardless if they are a Diss conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Diss conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:

What are the costs for lease extension work? If they are not ALEP accredited then why not?

Leasehold Conveyancing in Diss - Examples of Queries Prior to Purchasing

Who manages the block? Many Diss leasehold apartments will have a service charge for maintenance of the block set on behalf of the landlord. If you purchase the flat you will have to pay this charge, normally quarterly during the year. This can be anything from several hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a rentcharge for you to pay yearly, this is usually not a significant amount, say approximately £50-£100 but you should to check it because sometimes it could be surprisingly expensive. Its a good idea to discover as much as you can about the company managing the building as they can either make your living at the property much simpler or a lot more difficult. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to practical matters like the upkeep of the common parts. Enquire of prospective neighbours what they think of them. On a final note, investigate as to the dates that the service charges are due to the managing agents and precisely what you get for your money.