My mortgage broker has asked me for my Brandon solicitor’s panel member for the Nat West conveyancing panel. What is the best way to find this out. I have tried my local Brandon office but they cant find it on their system.
You are best placed to get this information from your Brandon solicitor . They keep a central record lender panel numbers.
Why is leasehold purchase conveyancing in Brandon is more expensive?
Brandon leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I moved into my flat on 11 July and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Brandon expressed confidence that it will be dealt with in a couple of weeks. Are titles in Brandon uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Brandon registration formalities. Rather than based on location, timeframes can adjust depending on the party submitting the application, whether it is in order and if the Land registry have to notify any other persons or bodies. As of today in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration occurs once the new owner has moved in to the property therefore post completion formalities is not always an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey carried out on a house in Brandon ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some banks may refuse to give a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Brandon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brandon to see if the conveyancing will be more expensive.
Can you offer any advice when it comes to choosing a Brandon conveyancing firm to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Brandon conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Brandon conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
How many lease extensions has the firm conducted in Brandon in the last 12 months? If the firm is not ALEP accredited then what is the reason?
I acquired a leasehold flat in Brandon, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Brandon with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease runs out on 21st October 2077
You have 58 years left to run we estimate the price of your lease extension to range between £22,800 and £26,400 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.