We are hoping to buy a 2 bedroom apartment in Harleston with a mortgage. We wish to retain our Harleston conveyancer, however the lender says he's not on their "panel". We have to appoint one of the lender panel firms or keep our Harleston property lawyer as well as pay for one of their panel ones to represent them. This feels very unfair; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Harleston conveyancing solicitor to apply to be on the conveyancing panel.
We are planning to purchase with Coventry BS. I went into a couple of high street companies but am unable to find a Harleston conveyancing firm on the Coventry BS panel. Please you help?
Feel free to make the most of the find a conveyancing panel solicitor tool on this page. Pick the lender and type Harleston or your preferred area and you will see a number of lawyer offices in Harleston or by proximity to you.
What can a local search reveal about the house we're buying in Harleston?
Harleston conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search plays an important part in most Harleston conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Harleston I like with a park and railway links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Harleston suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce 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 at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am looking to sell my home. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Harleston if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Harleston. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
Last November I purchased a leasehold house in Harleston. Am I liable to pay service charges relating to a period prior to 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 invested in buying a ground floor flat in Harleston, conveyancing formalities finalised September 2000. Can you work out an approximate cost of a lease extension? Corresponding flats in Harleston with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 yearly. The lease comes to an end on 21st October 2085
With just 60 years unexpired the likely cost is going to be between £20,000 and £23,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.