Much to our surprise we have been advised by our mortgage broker that my Bracebridge Heath property lawyer is not on the lender Conveyancing panel. How can I be sure if this is correct?
You need to contact your Bracebridge Heath conveyancer. You lawyer should notify you what has happened. If they are not on the panel they may be able to suggest a Bracebridge Heath conveyancing practice that is on the conveyancing panel for your bank.
Do the conveyancing solicitors identified via your search tool carry out auction conveyancing in Bracebridge Heath?
There are a number of auction practitioners we can put you in touch with those specialising in auction conveyancing. Bracebridge Heath is one of hundreds of locations in which our lawyers have offices.
Do the Building Society Association intend to launch a searchable register to list solicitors on the Earl Shilton BS conveyancing panel for example in Bracebridge Heath?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
How does conveyancing in Bracebridge Heath differ for new build properties?
Most buyers of new build or newly converted property in Bracebridge Heath approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Bracebridge Heath typically acquire the real estate, 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 property lawyers 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 Bracebridge Heath or who has acted in the same development.
I have been pointed in your direction by numerous selling agents in Bracebridge Heath to get a quote from a conveyancer on your site. What’s the financial upside for Estate Agents to recommend your services over and above a competitor’s?
We refuse to make any financial incentive for sending work to this site. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am tempted by the attractive purchase price for a two maisonettes in Bracebridge Heath which have about fifty years remaining on the leases. should I be concerned?
A lease is a right to use the property for a period of time. As a lease gets shorter the value of the lease decreases and results in it becoming more expensive to acquire a lease extension. This is why it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this area.
I inherited a 2 bed flat in Bracebridge Heath, conveyancing having been completed in 2007. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Bracebridge Heath with a long lease are worth £180,000. The ground rent is £65 per annum. The lease terminates on 21st October 2084
You have 59 years remaining on your lease the likely cost is going to span between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.