I plan on buying a ground floor flat in Brown Edge. My Conveyancer has never been on on the mortgage company approved list. Can I still continue with my Brown Edge conveyancing solicitor notwithstanding that they are excluded from the mortgage company list of approved lawyers?
Various options include
- Proceed with your existing Brown Edge property lawyer but your bank will need to retain a conveyancer from their approved panel. This will result in additional fees and likely delay.
- Appoint a fresh lawyer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Appeal to your property lawyer to attempt to join the bank panel
We are looking to buy a flat and need a conveyancing solicitor in Brown Edge who is on the Nottingham conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Brown Edge.
Me and my brother have a renovated Edwardian property in Brown Edge. Conveyancing practitioner acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brown Edge and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
I'm buying a new build house in Brown Edge with a mortgage from Norwich and Peterborough Building Society. The developers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not disclose to my solicitor about the extras as it may jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it best to use a Brown Edge conveyancing practitioner based in the location that I am buying? An old friend can conduct the conveyancing but they are based over three hundred miles away.
The benefit of a high street Brown Edge conveyancing firm is that you can attend the office to sign paperwork, deliver your identification documents and pester them where appropriate. Having local Brown Edge know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were impressed that must trump using an unfamiliar Brown Edge conveyancing solicitor solely due to them being Brown Edge based.
Having had my offer accepted I require leasehold conveyancing in Brown Edge. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and almost all are in Brown Edge - then the leasehold title will always include the short particulars 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 split level flat in Brown Edge, conveyancing formalities finalised 4 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Brown Edge with an extended lease are worth £211,000. The ground rent is £45 invoiced every year. The lease comes to an end on 21st October 2092
With 67 years left to run we estimate the premium for your lease extension to span between £10,500 and £12,000 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.