lenderpanel

Find a Brandesburton Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Brandesburton? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Brandesburton home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Brandesburton conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Brandesburton

My fiance’s sister is a solicitor. I suspect that I'll be able to get preferential rates for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Brandesburton?

It’s advisable to get 3 or more like-for-like conveyancing quotes. Make use of our comparison tool on this site. You will notice that estimates seem to be different but the service one can expect differ between property lawyers as is true with the vast majority of professional services.

The Brandesburton conveyancing firm handling our Brandesburton conveyancing has spotted an inconsistency between the information in the home valuation report and what is in the conveyancing documents. My lawyer says that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action legitimate?

Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Brandesburton is the location of the property. Is there any guidance you can give?

Flying freeholds in Brandesburton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brandesburton you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brandesburton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

In scouring the world wide web for the phrase cheap conveyancing in Brandesburton it shows results of numerous property lawyersin the vicinity. With so much choice what is the best way to find the right property lawyer for the sale of my house?

The preferential method of seeking the right conveyancer is through a personal testimonial, so ask friends and those you trust who have bought a property in Brandesburton or a respected estate agent or financial adviser. Costs for conveyancing in Brandesburton differ, so it's a good idea to obtain at least three fee estimates from different solicitors. Dont forget to clarify what costs in the quote includes.

I am employed by a busy estate agency in Brandesburton where we see a few flat sales put at risk due to short leases. I have been given conflicting advice from local Brandesburton conveyancing solicitors. Can you shed some light as to whether the owner of a flat can initiate the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I bought a ground floor flat in Brandesburton, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Brandesburton with an extended lease are worth £201,000. The ground rent is £45 yearly. The lease expires on 21st October 2088

With 64 years remaining on your lease we estimate the premium for your lease extension to range between £14,300 and £16,400 plus professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

Last updated

Find out more about how flying freehold can affect your the value of a property.