Much to our surprise we have been informed by our IFA that my Melton Mowbray the law firm I have appointed is not on the bank Conveyancing panel. How can I check?

Your first step should be to call your Melton Mowbray conveyancer. It is reasonable to expect your lawyer to inform 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.

I have given 8 weeks notice to my current landlord and must be out of my rented flat in Melton Mowbray by 27/6/2024. Conveyancing on my purchase has just started. Is it possible to complete in six weeks as I wish to avoid having to find temporary accommodation?

It is unwise to give notice for your tenancy unless your lawyer suggests that you should. Assuming that you have not previously done so, contact to your conveyancer and request that they cajole the owners side, try to a target completion date that all parties will aim to achieve

How up to date is your search tool for Melton Mowbray conveyancing solicitors on the Bank of Ireland conveyancing panel? Do Bank of Ireland send you an updated list?

Melton Mowbray conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.

we are a couple who are buying a 1 bedroom flat in Melton Mowbray with a mortgage from Barclays .We have a Melton Mowbray conveyancing solicitor but Barclays informed us her practice is not on their "panel". we are left little option but to use a Barclays panel lawyer or keep our preferred solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?

Unfortunately,no. The loan offered to you contains terms and conditions, one of which will be that conveyancers must be on the Barclays conveyancing panel. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find 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 solicitors to apply to be on the conveyancing panel for Barclays

What are the common problems that you encounter in leases for Melton Mowbray properties?

There is nothing unique about leasehold conveyancing in Melton Mowbray. All leases are drafted differently and drafting errors can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:

Insurance obligations A provision for the recovery of money spent for the benefit of another party.

You will encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Norwich and Peterborough Building Society, and Britannia all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the buyer to pull out.

I inherited a 2 bed flat in Melton Mowbray, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar flats in Melton Mowbray with a long lease are worth £171,000. The ground rent is £50 yearly. The lease terminates on 21st October 2103

You have 79 years unexpired the likely cost is going to span between £7,600 and £8,800 as well as costs.

The figure 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 detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.