We are buying a 3 bedroom apartment in Burwash with a mortgage. We have a Burwash solicitor, however the bank advise she’s not on their "panel". We have to appoint one of the bank panel firms or continue with our Burwash lawyer as well as pay for one of their panel lawyers to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Burwash conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing lawyers that are recommend carry out auction conveyancing in Burwash?
There are a few auction lawyers we can connect you with those specialising in auction conveyancing. Burwash is one of hundreds of areas of where our lawyers have offices.
I acquired my apartment on 3 April and my personal details are still not registered. Should I be concerned? My conveyancing solicitor in Burwash said it should be formalised in less than a month. Are titles in Burwash uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Burwash registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry have to notify any other persons or bodies. Currently in the region of 80% of such applications are fully addressed in less than three weeks but occasionally there can be longer delays. Registration is effected once the new owner has moved in to the property thus post completion formalities is not typically top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
I opted to have a survey carried out on a house in Burwash in advance of retaining solicitors. I have been informed that there is a flying freehold element to the house. My surveyor advised that some lenders may refuse to grant a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Burwash. Conveyancing may be slightly more expensive based on your lender's requirements.
I own a leasehold house in Burwash. Conveyancing and HSBC Bank mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Burwash who acted for me is not around. What should I do?
The first thing you should do is make enquiries of HMLR to make sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Burwash conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a studio flat in Burwash, conveyancing formalities finalised September 2002. How much will my lease extension cost? Comparable properties in Burwash with over 90 years remaining are worth £207,000. The ground rent is £60 charged once a year. The lease comes to an end on 21st October 2077
With only 57 years unexpired we estimate the price of your lease extension to range between £28,500 and £33,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.