My husband and I are purchasing a flat in Narborough. My Conveyancer is not on the mortgage company conveyancing list. Is it possible for me to retain my Narborough conveyancing solicitor even though they are not on the mortgage company panel of approved conveyancing solicitors?
Various options include
- Carry on with your preferred Narborough lawyer but your lender will no doubt instruct a solicitor from their approved list. This will result in additional fees and probable interruption.
- Appoint a fresh solicitor to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Appeal to your lawyer to apply to join the mortgage company panel
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Narborough with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I'm in the throws of looking at apartments in Narborough and I am about to put in an offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with HSBC.
It would be prudent to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. As you are getting a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
I am currently in the process of buying my council flat in Narborough. I have a mortgage agreed with Yorkshire BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
Our offer on a property in Narborough has been agreed to, but there is a chain. The owners have put an offer on somewhere, but it’s not yet agreed to, and are looking at other properties booked. I have instructed a nearby conveyancing solicitor in Narborough. What should be my next step? At what point should I apply for the mortgage with Barclays?
It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of one thousand pounds, then valuation, Narborough conveyancing search charges, etc). The first thing to do is ensure that your solicitor is on the Barclays approved list. As to the next steps this very much dictated by the specifics of your case, motivation for this property and on the state of the market. In a hot market many home buyers will apply for the mortgage with Barclays and pay for the valuation and only if it comes back ok would they pay their conveyancer to press on with the conveyancing in Narborough.
Due to the guidance of my in-laws I had a survey completed on a house in Narborough in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will not issue a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Narborough. Conveyancing will be smoother if you use a solicitor in Narborough especially if they regularly deal with such properties in Narborough.
How do I use your search app to locate a conveyancing solicitor in Narborough on the authorised to act for my lender?
Step one is to pick a bank such as National Westminster Bank, Norwich and Peterborough Building Society or Platform Home Loans Ltd then choose your location such as Narborough. Conveyancing practices in Narborough and further afield will then be identified.
I wish to sublet my leasehold apartment in Narborough. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Even though your previous Narborough conveyancing solicitor is not available you can review your lease to check if it allows you to sublet the property. The rule is that if the lease is non-specific, subletting is permitted. Quite often there is a prerequisite that you must seek consent from your landlord or other appropriate person prior to subletting. This means you not allowed to sublet in the absence of first obtaining permission. Such consent is not allowed to be unreasonably refused ore delayed. If your lease does not allow you to sublet you will need to ask your landlord for their consent.
I own a basement flat in Narborough, conveyancing formalities finalised December 1995. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Narborough with a long lease are worth £191,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2078
With 53 years remaining on your lease the likely cost is going to span between £27,600 and £31,800 as well as professional fees.
The figure that we have given is 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 this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.