I am purchasing property in Colsterworth. My Conveyancer is not listed on the mortgage company approved list. Am I still permitted to use my Colsterworth conveyancing solicitor even though they are not on the mortgage company list of approved lawyers?

You will need to have a lawyer to complete the legal work required when you require a mortgage to buy your home. They will conduct all the relevant due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage paperwork is in order. You can instruct a Colsterworth solicitor of your choice. However, where the conveyancing practitioner selected is not a member of the lender conveyancing panel additional fees will be levied as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so provided your conveyancer has not in the past sought membership they should take the opportunity to apply.

Does a directory service exist listing Kent Reliance panel solicitors in Colsterworth on the UK Finance Lenders’ Handbook Website?

No. There is no such directory service on the CML or Building Society Association websites. Very few lending institutions make their panel listings open the public on the web. If you are looking for a Colsterworth conveyancing practitioner on the Kent Reliance please use our tool.

Can I be sure that the Colsterworth conveyancing solicitor on the Virgin Money panel is any good?

When it comes to conveyancing in Colsterworth obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor conducting your transaction.

After weeks of negotiation I have agreed a price on an apartment in Colsterworth. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £150. Soon after, the solicitor called me sheepishly admitting that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

The deeds to my property can not be found. The conveyancers who dealt with the conveyancing in Colsterworth 5 years ago have long since closed. What do I do?

Gone are the days when you need to have the physical deeds to establish that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.

I am looking for a ground for flat up to £305k and found one round the corner in Colsterworth I like with a park and railway links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Colsterworth in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.

I am tempted by the attractive purchase price for a two maisonettes in Colsterworth which have about 50 years left on the lease term. Should I regard a short lease as a deal breaker?

A lease is a right to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and results in it becoming more costly to extend the lease. This is why it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.

I purchased a leasehold flat in Colsterworth, conveyancing was carried out in 1999. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Colsterworth with a long lease are worth £202,000. The ground rent is £60 yearly. The lease expires on 21st October 2080

You have 56 years unexpired we estimate the price of your lease extension to range between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.