We are purchasing a 3 bedroom flat in Leyland with a mortgage. We wish to retain our Leyland lawyer, but the lender says she’s not on their "panel". It seems we have little choice but to instruct one of the bank panel firms or retain our Leyland conveyancer as well as pay for one of their panel ones to represent them. We consider that this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Leyland conveyancing lawyer to apply to be on the conveyancing panel.
I am buying a property and require a conveyancing solicitor in Leyland who is on the Britannia approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Britannia in certain locations such as Leyland. We dont recommend any particular firm.
My business partner and I are intending to lease a unit on the high street. Can you recommend conveyancers offering fixed fees for commercial conveyancing in Leyland for below £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in Leyland, including the disposal and acquisition of businesses as well as simply premises. If you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. As for the costs these will vary based on the structure and complexity of the deal. Please provide us with your details or call so as to enable us to supply you with a detailed commercial conveyancing calculation.
I need to instruct a conveyancing solicitor for purchase conveyancing in Leyland. I've stumble across a web site which looks to be the ideal answer If there is a chance to get all the legals done via phone that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I would like to rent out my leasehold flat in Leyland. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Some leases for properties in Leyland do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I acquired a basement flat in Leyland, conveyancing having been completed February 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Leyland with over 90 years remaining are worth £197,000. The ground rent is £55 yearly. The lease ends on 21st October 2075
With only 55 years remaining on your lease we estimate the price of your lease extension to range between £31,400 and £36,200 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 are not able to supply the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
I own a leasehold flat in Leyland. Conveyancing was completed in 21012. I have read on a number of advice forums that I mustn’t allow the lease length fall too low. Is this correct?
Leyland domestic long term leases are for a prescribed period - normally ninety nine years when they commenced. However many appartments in Leyland were built or converted in the 70’s80’s and so such leases now have fewer than 80 years unexpired. This may sound like a long time however Banks, Building Societies and other mortgage institutions generally need leases to have at least 75 years left to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing eighty years. To optimize the marketability of your property you should be considering whether to extend your lease long before you come to sell it. You should note that there are significant benefits to doing so before the lease reaches even eighty years as when the lease falls below eighty years the amount you have to pay to extend starts to increase.