I am expecting a offer of a home loan from Nat West. I intend to use a Licensed Conveyancer in Bacup. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We were just about to sign contracts for a garden flat in Bacup. We encountered a problem. The mortgage offer with National Westminster Bank runs out on 14/10/2025 but the sellers are putting forward a completion date of 16/10/2025. Can one prolong the mortgage offer?
The best person to address this question is your solicitors who is in a position to assess whether they corresponding with the mortgage broker, owner’s conveyancers, selling agents or conceivably all three taking into account what has gone on in your conveyancing as of today.
Is there a search tool that I can utilise to check that the solicitor conducting my conveyancing in Bacup is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Accord Mortgages Ltd thus paying £187.00 plus VAT in further conveyancing fees.
Please do make use of the find a conveyancing panel solicitor tool on this page. Pick the mortgage company and type ‘Bacup’ or your location and you will discover a number of lawyer based in Bacup or by proximity to you.
Over the last few months I have been searching for a flat up to £305k and identified one near me in Bacup I like with a park and station in the vicinity, however it only has 61 years on the lease. There is not much else in Bacup in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
How does the Landlord & Tenant Act 1954 impact my business offices in Bacup and how can you help?
The 1954 Act affords protection to commercial lessees, granting the a statutory right to apply to court for a renewal lease and continue in occupation at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Bacup is one of the many locations in which the firms we work with are based
I am in need of some leasehold conveyancing in Bacup. Before I get started I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Bacup - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a ground floor flat in Bacup, conveyancing having been completed 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Bacup with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease terminates on 21st October 2084
With only 59 years unexpired we estimate the premium for your lease extension to be between £20,900 and £24,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.