I have just been advised by my mortgage adviser that my Meir the law firm I have appointed is not on the bank Conveyancing panel. How can I be certain whether this is indeed the case?
You need to contact your Meir lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
We are a couple about to exchange contracts for a ground floor flat in Meir. We have hit a snag. Our loan offer with Norwich and Peterborough Building Society runs out on 4/1/2027 but the vendors are insisting on a completion date of 6/1/2027. Is it possible to prolong the loan expiry date?
The best person to address this question is your lawyer who is in a position to calculate if he or she is better off negotiating with the mortgage broker, owner’s lawyers, selling agents or indeed all parties given the history of your conveyancing as of today.
My wife and I have a renovated Georgian property in Meir. Conveyancing practitioner acted for me and Halifax. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Meir and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing solicitor who conducted the work.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Meir I like with amenity areas and railway links nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Meir in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan that many years may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I'm refinancing my current house to a BTL mortgage with Alliance & Leicester and intend to use the remaining equity towards another house. The neighborhood we are talking about is Meir. Will your solicitors be able to act for the two banks and tie in the conveyances?
Do use our search tool on this site to be sure that the conveyancers are on the relevant lender panels. On the basis that they are your solicitor should be able to tie up the two deals but you should have a chat with you conveyancer and communicate your desired outcome and needs.
I am in need of some leasehold conveyancing in Meir. Before diving in I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Meir - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a studio flat in Meir, conveyancing formalities finalised 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Meir with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease runs out on 21st October 2088
With just 62 years left to run the likely cost is going to span between £17,100 and £19,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.