My IFA says he needs my Bromsgrove solicitor’s panel reference for the Santander conveyancing panel. What is the best way to find this out. I have called my local Bromsgrove office but they have not responded to me.
The sensible thing to do is ask for this information from your Bromsgrove lawyer . They keep a central record lender panel numbers.
How up to date is your search tool for Bromsgrove conveyancing solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Bromsgrove conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
The deeds to my property are lost. The lawyers who dealt with the conveyancing in Bromsgrove 10 years ago have long since closed. What do I do?
In today’s world there are duplicates made of almost everything, and your conveyancer should know exactly where to find all the relevant documentation so you may purchase or sell your property without a hitch. If duplicates can’t be found, your lawyer can put in place insurance or indemnities protecting you against future claims on the property.
I am looking for a leasehold apartment up to £235,500 and identified one round the corner in Bromsgrove I like with a park and transport links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Bromsgrove suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
Is it possible to change conveyancer as I need to instruct one who is on the Britannia conveyancing panel. I was using a high street conveyancing solicitor in Bromsgrove round the corner but she is not accepted by Britannia
We will our best to assist in finding you a conveyancing solicitor in Bromsgrove on the Britannia panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Bromsgrove. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Bromsgrove.
I am attracted to a couple of maisonettes in Bromsgrove which have in the region of 50 years remaining on the leases. Will this present a problem?
A lease is a right to use the premises for a period of time. As the lease shortens the value of the lease decreases and it becomes more costly to acquire a lease extension. This is why it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area.
I acquired a split level flat in Bromsgrove, conveyancing having been completed in 2006. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Bromsgrove with over 90 years remaining are worth £190,000. The ground rent is £65 charged once a year. The lease expires on 21st October 2085
With just 61 years unexpired the likely cost is going to be between £18,100 and £20,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. 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 want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.