I am acquiring a flat in Carisbrooke. My property lawyer is not listed on the bank conveyancing panel. Can I still appoint my Carisbrooke conveyancing solicitor even though they are not on the mortgage company panel?

Your options include

• Carry on with your existing Carisbrooke conveyancer but your mortgage company will need to use a property lawyer on their approved list. This will result in additional charges and potential frustration.
• Appoint a new property lawyer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
• Convince your lawyer to pull out all the stops to get listed on the mortgage company panel of solicitors

Can conveyancing in Carisbrooke to be completed inside 28 days?

Where you are under pressure for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will make use of local contacts and intelligence. It is possible that they may have conducted otherhomes in the same road. You would be best advised to use a Carisbrooke conveyancing solicitor. Second, ensure that the lawyer is on the member panel. It is believed that 18% of Carisbrooke conveyancing transactions are delayed or derailed after finding out that a purchaser’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the transaction being delayed by as much as three weeks. It is said that this issue impacts in the region of 100,000 home moves annually. Many Carisbrooke conveyancing practices can not represent certain banks so do check as early as possible.

About to purchase a new build apartment in Carisbrooke. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

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

Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.

I opted to have a survey completed on a property in Carisbrooke before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies will not grant a mortgage on such a premises.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Carisbrooke. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Carisbrooke to see if the conveyancing costs will increase in light of this.

I am on look out for some leasehold conveyancing in Carisbrooke. Before I get started I require certainty as to the number of years remaining on the lease.

Assuming the lease is registered - and 99.9% are in Carisbrooke - 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 bought a 1 bedroom flat in Carisbrooke, conveyancing having been completed July 2003. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Carisbrooke with over 90 years remaining are worth £171,000. The ground rent is £50 invoiced annually. The lease ceases on 21st October 2103

With just 79 years left to run the likely cost is going to be between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.