I am hoping to receive a offer of a home loan from Santander. My intention is to employ the services of a Licensed Conveyancer in Loughborough. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
In what way does my ID and proof of funds have anything to do with my conveyancing in Loughborough? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you are required to sign will no doubt confirm this. Your lender will also require certain documents to be viewed. Where you are unwilling to supply ID verification documents, your solicitor would not be able to act for you.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Loughborough. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/7/2024, the requirements read as follows :
I am purchasing a house and the conveyancer has identified Chancel Repair for which the house may be liable as it falls into the area of such a church. She has recommended insurance. Is this strictly appropriate for conveyancing in Loughborough
Unless a previous acquisition of the premises completed after 12 October 2013 you could take it that conveyancing practitioners delivering conveyancing in Loughborough to continue to suggest a chancel search and or chancel repair liability insurance.
What does commercial conveyancing in Loughborough cover?
Loughborough conveyancing for business premises covers a wide range of advice, given by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am in need of some leasehold conveyancing in Loughborough. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and almost all are in Loughborough - 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 inherited a basement flat in Loughborough, conveyancing was carried out half a dozen years ago. 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? Similar flats in Loughborough with a long lease are worth £207,000. The ground rent is £60 charged once a year. The lease terminates on 21st October 2081
With 57 years left to run we estimate the premium for your lease extension to be between £28,500 and £33,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.