I am obtaining a mortgage with Santander. My intention is to employ the services of a Licensed Conveyancer in Acocks Green. Does the Santander Conveyancing panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our solicitor has discovered a a legal deficiency with the lease for the property we are buying in Acocks Green. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer says that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. The appropriate lender provisions have to be complied with.
I am looking for a flat up to £305k and identified one close by in Acocks Green I like with amenity areas and station in the vicinity, however it's only got 61 years on the lease. There is not much else in Acocks Green in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
In what way does the Landlord & Tenant Act 1954 impact my business offices in Acocks Green and how can you help?
The particular law that you refer to affords protection to business tenants, giving them the legal entitlement to apply to court for a renewal tenancy and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Acocks Green
In surfing the internet for the term cheap conveyancing in Acocks Green it reveals numerous conveyancersin the vicinity. How do I determine which is the suitable conveyancer for purchase transaction?
The best method of choosing a suitable conveyancer is via personal recommendation, so ask friends and family who have acquired a property in Acocks Green or the reputable estate agent or mortgage broker. Costs for conveyancing in Acocks Green differ, so it's a good idea to request at least three quotes from different conveyancers. Dont forget to clarify what costs in the quote includes.