We are hoping to buy a 3 bedroom apartment in Burton upon Stather with a mortgage. We have a Burton upon Stather solicitor, however the mortgage company advise he's not on their "panel". We have to appoint one of the bank panel conveyancing practices or keep our Burton upon Stather lawyer and pay for one of their panel ones to act for them. We regard this is inequitable; can we not require that the bank use our Burton upon Stather conveyancer ?

No, not really. 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. A further alternative is for your Burton upon Stather conveyancing solicitor to apply to be on the conveyancing panel.

Why do I have to pay up front for conveyancing in Burton upon Stather?

If you are buying a property in Burton upon Stather your lawyer will ask you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. When the deposit is payable against the total price then this should be needed shortly prior to exchange of contracts. The final balance that is needed should be transferred a few days prior to the day of completion.

About to place a bid on a leasehold property in Burton upon Stather. The property agents advise that it is usual for flats in Burton upon Stather to have less than 75 years left on the lease. I am obtaining a loan with Tesco Bank. Will the property be mortgageable given that the lease has 70 years remaining.

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. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 1/5/2024 the requirements read as follows :

I opted to have a survey carried out on a house in Burton upon Stather ahead of retaining lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some lenders will refuse to issue a mortgage on such a home.

It varies from the lender to lender. Santander has different instructions from Nationwide. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Burton upon Stather. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burton upon Stather to see if the conveyancing will be more expensive.

What type of premises does your Burton upon Stather conveyancing estimates relate to?

Our conveyancing quotes are only relevant to standard domestic premises in England & Wales. If you have any different requirements such as industrial or agricultural property or commercial conveyancing in Burton upon Stather do contact us to address your requirements .