My lawyer has uncovered a a problem with the lease for the apartment we are buying in Brigg. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must check that the mortgage company is willing to move forward with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.
I am buying a house and need a conveyancing solicitor in Brigg who is on the Bank of Ireland approved. Can you recommend a local 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 Bank of Ireland in certain locations such as Brigg. We dont recommend any particular firm.
My relative recommended that where I am purchasing in Brigg I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Brigg conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Brigg around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Brigg.
I decided to have a survey done on a house in Brigg before instructing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks will refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brigg. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brigg to see if the conveyancing costs will increase in light of this.
I am using a search engine for the words on line conveyancing in Brigg it brings up numerous property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancer for my move?
The best way of choosing a suitable conveyancer is via personal referral, so seek the guidance of friends and family who have purchased a property in Brigg or the respected estate agent or mortgage broker. Fees for conveyancing in Brigg differ, so it's a good idea to obtain a minimum of three fee calculations from varying types of solicitors. Make sure that you know that the fees are fixed.
Can you provide any advice for leasehold conveyancing in Brigg from the perspective of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Brigg can be reduced where you instruct lawyers the minute you market your property and request that they start to put together the leasehold documentation needed by the buyers’ solicitors. If you have carried out any alterations to the property would they have required Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Brigg state that internal structural alterations or installing wooden flooring calls for a licence issued by the Landlord consenting to such changes. Where you fail to have the approvals to hand do not contact the landlord without checking with your conveyancer in the first instance. If you have had conflict with your freeholder or managing agents it is very important that these are resolved before the property is put on the market. The buyers and their solicitors will be reluctant to purchase a flat where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to present the dispute as over rather than unresolved. The majority of landlords or managing agents in Brigg charge for supplying management packs for a leasehold home. You or your lawyers should discover the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Brigg.
I inherited a leasehold flat in Brigg, conveyancing was carried out October 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Brigg with over 90 years remaining are worth £185,000. The ground rent is £65 per annum. The lease ends on 21st October 2085
With just 60 years remaining on your lease we estimate the price of your lease extension to be between £20,000 and £23,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.