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Find a Harrold Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Harrold

Our solicitor has identified a a legal deficiency with the lease for the property we are purchasing in Harrold. The seller’s lawyers have put forward title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor has advised that he must check that the mortgage company is content with this solution. Are we the client or is the lender?

Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender conditions must be adhered to.

Despite weeks of looking the Title Certificate and documents to my property can not be found. The solicitors who handled the conveyancing in Harrold 4 years ago are no longer around. What do I do?

Gone are the days when you need to hold title deeds to prove you own the land or property, given that the Land Registry have everything they need in a digital format.

I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Harrold I like with a park and station in the vicinity, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Harrold for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.

What are your top tips when it comes to finding a Harrold conveyancing practice to deal with our lease extension?

If you are instructing a property lawyer for your lease extension (regardless if they are a Harrold conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Harrold conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:

    What volume of lease extensions has the firm completed in Harrold in the last twenty four months?

I acquired a ground floor flat in Harrold, conveyancing having been completed February 2005. How much will my lease extension cost? Corresponding flats in Harrold with an extended lease are worth £206,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2089

With just 66 years unexpired we estimate the price of your lease extension to be between £11,400 and £13,200 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should 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 want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

How does one as executor remove a departed person's details from the title register for a property in Harrold?

If a Harrold property is co-owned and one of the proprietors dies, the name will not immediately be removed from the Land Registry title. It is not necessary to remove their name as when it comes to a disposal you would just be required to supply proof as to the reason the co owner is not included in the conveyance, such as the probate documents.

With a view to making things more straight forward in the future you may arrange to have the deceased party removed from the title by applying to the land registry with proof of the death. There is no charge from the Registry for this service.

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