My solicitor has uncovered a defect with the lease for the flat we are purchasing in Braunstone. The other side have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancing practitioner says that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.
Do I need to take out insurance to cover chancel repairs when acquiring a property in Braunstone?
Unless a prior acquisition of the house took place after 12 October 2013 you may take it that solicitors handling conveyancing in Braunstone to remain recommending a chancel search and or chancel repair liability policy.
I need to instruct a conveyancing lawyer in Braunstone for my house move. Is there any facility to see a solicitor's record with the legal regulator?
Members of the public may see published Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.
Having had my offer accepted I require leasehold conveyancing in Braunstone. Before diving in I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Braunstone - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a garden flat in Braunstone, conveyancing was carried out September 2011. How much will my lease extension cost? Corresponding flats in Braunstone with over 90 years remaining are worth £171,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2098
You have 79 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
It has taken forever and a day but a loan offer from a lender for the remortgage of my 3 bedroom maisonette is coming within the next few days. Can you recommend an efficient remortgage conveyancing practitioner in Braunstone ?
You have come to the wrong place to search for the cheapest conveyancing solicitors in Braunstone. We can offer you value for money conveyancing but we do not work with the cheapest lawyers. Do not be fooled by brokers offering £99 conveyancing in Braunstone.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for extras and still not receive the service you were hoping for.