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Find a Brough Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Brough

I'm in the process of switching my current residential home loan to a Buy to Let Lloyds TSB Bank mortgage. The bank has said that I must appoint a lawyer as part of the process. I had a chat my past Brough conveyancing solicitor who acted on my behalf when I first purchased the house. The fee calculation sent of just over five hundred pounds has shocked me as its a remortgage than a sale or purchase.

The costs illustration is fractionally on the steep side. If you are prepared to spend time contrasting quotes you could reduce the fees marginally by say a hundred pounds. That being said, providing that you were happy with the legal work the firm gave you mightlive to rue opting for an an unknown lawyer. If is important to be sure the firm can represent Lloyds TSB Bank. You can employ our search tool to choose a Brough conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Brough.

My wife and I intend to remortgage our penthouse in Brough with Leeds Building Society. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have two questions (1) Is this form unique to the Leeds Building Society conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?

First, rest assured that your Leeds Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Leeds Building Society. This is solely used to protect Leeds Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Leeds Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

About to place an offer on a leasehold apartment in Brough. The property agents tell me that it is standard for flats in Brough to have less than 75 years unexpired on the lease. I am expecting a mortgage with Platform. Is this going to be acceptable if the lease has 70 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/4/2024 the requirements read as follows :

Minimum 85 years unexpired from completion, except where the mortgage application is pursuant to Platform's participation in the Government's Help to Buy Shared Equity scheme, in which case (a) the unexpired lease term must not be less than 250 years for new-build houses and not less than 125 years for new-build flats and (b) ground rent must be reasonable at all times and any escalation must be linked to RPI (Retail Price Index) or a similar index.

About to purchase a new build apartment in Brough. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Brough

    The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

I'm converting the mortgage on my current property to a buy to let loan with Barnsley Building Society and intend to use the remaining equity towards another property. The area we are talking about is Brough. Will your lawyers be able to act for both sets of lenders and link together the conveyances?

Do use our search tool on this page to check that the solicitors are on the relevant lender panels. Assuming that they are your conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and communicate your desired outcome and needs.

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