My conveyancer has informed me that absentee landlord insurance is required on my purchase. What is the level of cover for Sudbury conveyancing?

The appropriate level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Nationwide Building Society and The Mortgage Works. Conveyancing solicitors as opposed to borrowers take out such insurances.

We were going to get a OIP from UBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Sudbury solicitors on the UBS conveyancing panel, or is it better to go independently?

You will need to appoint Sudbury solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.

Intending to buy a flat in Sudbury. 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 TSB 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 Sudbury conveyancer is on the TSB conveyancing panel.

What will a local search inform me regarding the property my wife and I purchasing in Sudbury?

Sudbury conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations such as Onsearch The local search is essential in every Sudbury conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.

I am looking for a flat up to £305k and found one round the corner in Sudbury I like with amenity areas and transport links nearby, however it's only got 52 years unexpired on the lease. I can't really find anything else in Sudbury suitable, so just wondered if I would be making a mistake buying a lease with such few years left?

Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may 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 term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.

Is there anything unique about your site and alternative internet conveyancing brokers when it comes to conveyancing in Sudbury?

At this site obtain a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Sudbury. Unlike many estate agents and brokerage sites we do not charge firms a commission if you appoint them for your conveyancing in Sudbury

Do you have any top tips for leasehold conveyancing in Sudbury with the intention of speeding up the sale process?

• Much of the frustration in leasehold conveyancing in Sudbury can be reduced if you appoint lawyers the minute you market your property and request that they start to put together the leasehold information needed by the purchasers’ lawyers.
If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is ongoing. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to present the dispute as over as opposed to unresolved. The majority of freeholders or managing agents in Sudbury charge for providing management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Sudbury. Some Sudbury leases require Licence to Assign from the landlord. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.

After months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Sudbury. Can we issue an application to the Residential Property Tribunal Service?

Absolutely. We can put you in touch with a Sudbury conveyancing firm who can help.

An example of a Lease Extension decision for a Sudbury flat is Ground Floor Flat 79 London Road in September 2012. the Tribunal held that the premium payable for the lease extension should be £7,636 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 74 years.