My wife and I are looking to acquire a flat in Brunswick Park and are in fact using a Brunswick Park conveyancing practice. Within the past 48 hours our lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Platform Home Loans Ltd have this morning contacted us to advise us that they have now hit a problem as our Brunswick Park conveyancer is not on their approved list of lawyers. Is this a problem?
Where you are buying a property requiring a mortgage it is conventional for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Brunswick Park lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
I am the registered owner of a freehold property in Brunswick Park but still invoiced for rent, why is this and what is this?
It is rare for properties in Brunswick Park and has limited impact for conveyancing in Brunswick Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
About to place a bid on a leasehold flat in Brunswick Park. The estate agents say that it is standard for flats in Brunswick Park to have less than 75 years unexpired on the lease. I am expecting a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/2/2025 the requirements read as follows :
I have been on the look out for a ground for flat up to £235,500 and found one close by in Brunswick Park I like with amenity areas and station in the vicinity, however it only has 61 years on the lease. There is not much else in Brunswick Park for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
Taking into account that I am about to part with hundreds of thousands of pounds on a two bedroom apartment in Brunswick Park I would like to have a conversation with the solicitor about myhome move in advance of instructing the firm. Can this be arranged?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be doing your property ownership legalities in Brunswick Park.There is no ‘factory style conveyancing’ - each client is unique individual, not a case number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Brunswick Park should be the figure that you are charged.
How do I identify cost effective conveyancing in Brunswick Park?
Option 1 is to ask the people you trust who they would recommend. Second, use a search tool on the internet for conveyancing in Brunswick Park. Phone a couple or more firms from the list and ask them to email you their conveyancing quote and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Third is to use this site to help you find the right lawyers taking into account your unique factors including location,speed, complexity and who the proposed lender is.Do not be fooled by lowest cost conveyancing solicitors in Brunswick Park