Souldappointing a West Bridgford conveyancing lawyer make the home moving process easier?
Existing third party connections are another important factor to consider when choosing conveyancing lawyers. West Bridgford conveyancers often have long term relationships with mortgage brokers and West Bridgford, local authorities, valuers and other law firms meaning the whole process is going to be much smoother for you. Having vast knowledge of the local area also helps too.
I have just over seventy years unexpired on my lease and require a lease extension for my flat in West Bridgford. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/6/2025 the requirements read as follows :
A friend informed me that in purchasing a property in West Bridgford there may be a number of restrictions preventing external changes to a property. Is this right?
We are aware of a number of properties in West Bridgford which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in West Bridgford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all West Bridgford solicitors on the Leeds Building Society conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Leeds Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel in which case such organisation would be regulated by the CLC.
Two weeks ago we had a mortgage agreed in principle with UBS. West Bridgford conveyancing practitioners were appointed. What is the average time that one could expect to receive a mortgage offer from UBS?
There is no definitive answer here. Have UBS completed the survey? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am close to exchanging contracts on the sale of our home in West Bridgford and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local lawyer would know this is not the case. It does beg the question why the purchasers used a web based conveyancing outfit as opposed to a conveyancing solicitor in West Bridgford. Having lived in West Bridgford for 4 years we know of no issue. Do we contact our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking for a leasehold apartment up to £245,000 and identified one near me in West Bridgford I like with amenity areas and railway links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in West Bridgford suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I've recently bought a leasehold house in West Bridgford. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a ground floor flat in West Bridgford, conveyancing having been completed 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in West Bridgford with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2089
With 64 years left to run the likely cost is going to span between £15,200 and £17,600 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.