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Find a Bromsgrove Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Bromsgrove

Can you explain why leasehold purchase conveyancing in Bromsgrove is more expensive?

Bromsgrove leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I have 70 years unexpired on my lease and require a lease extension for my apartment in Bromsgrove. Conveyancing solicitors on the The Mortgage Works panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 25/4/2019 the requirements read as follows :

Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term. Report to the issuing office if the lease term is shorter than that stated within the Offer and has less than 100 years remaining.(There is no requirement to report if the lease term is lower than that stated on the Offer but still has 100 years or more to run, or if the lease term is longer than that stated on the Offer).

NEW BUILD PROPERTIES (includes office conversions)
The following are not acceptable:
- The unexpired lease term on a new build flat is less than 125 years
- The unexpired lease term on a new build house is less than 250 years
- Starting ground rent is more than 0.1% of the property value
The lease must be amended to comply with the above. If not the case cannot proceed. Please advise us where the case cannot proceed.
Ground rents and event fees:
Ground rent and other event fees must be reasonable at all times during the lease term. For example, it is acceptable for ground rent escalation to be linked to RPI (Retail Price Index) or a similar index and where this is the case we do not need to be advised. However, unreasonable multipliers of ground rent will not be permitted, for example, doubling every 5, 10 or 15 years. These must be referred to us and we will advise if our mortgage offer remains valid. If you are unsure as to whether the terms of a lease are unreasonable, please refer the details to us.

I decided to have a survey completed on a property in Bromsgrove prior to instructing solicitors. I have been advised that there is a flying freehold element to the house. The surveyor has said that some lenders will not grant a mortgage on this type of house.

It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bromsgrove. Conveyancing will be smoother if you use a solicitor in Bromsgrove especially if they regularly deal with such properties in Bromsgrove.

Is it simple use the search tool to choose a conveyancing solicitor in Bromsgrove on the approved list for my lender?

Step one is to pick a lender such as Santander, Chelsea Building Society or Britannia then choose your location such as Bromsgrove. Conveyancing firms in Bromsgrove and beyond will then be shown.

I am on look out for some leasehold conveyancing in Bromsgrove. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.

If the lease is recorded at the land registry - and almost all are in Bromsgrove - 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 acquired a studio flat in Bromsgrove, conveyancing was carried out in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Bromsgrove with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease expires on 21st October 2072

With 53 years remaining on your lease we estimate the premium for your lease extension to range between £27,600 and £31,800 plus 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 in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.

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