Me and my fiance are purchasing residence in Hatch and Old Basing. My Solicitor is not listed on the mortgage company conveyancing list. Can I still use my Hatch and Old Basing conveyancing solicitor even though they are not on the lender list of approved lawyers?

One will need to have a property lawyer to deal with the formalities when you require a mortgage to buy your home. They will conduct all the necessary due diligence on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage paperwork is dealt with. You could appoint a Hatch and Old Basing property lawyer of your choice. Nevertheless, where the property lawyer selected is not a member of the bank solicitor panel supplemental costs will arise as separate legal representation will be need by the bank. Lender panel applications can be submitted, so if your conveyancer has not previously applied for membership they should take the opportunity to apply.

At what point can the exchange of contracts take place for residential conveyancing in Hatch and Old Basing and do I need to be at the lawyers branch?

Where you are local to one of the conveyancing solicitors in Hatch and Old Basing you are invited in to sign documents. However, the law practices we work with supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the critical part. Signing on the dotted line is just a prerequisite for the conveyancer to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hatch and Old Basing)to be in the office at the appropriate time.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Hatch and Old Basing I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Hatch and Old Basing suitable, so just wondered if I would be making a grave error purchasing a short lease?

Should you need a home loan the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.

I'm remortgaging my current property to a BTL mortgage with Virgin Money and intend to use the remaining equity towards another house. The location we are interested in is Hatch and Old Basing. Will your solicitors be able to act for the two lenders and tie in the two deals?

Make use of our comparison tool on this page to check that the lawyers are approved by both banks. On the basis that they are your lawyer should be able to connect the two transactions but you should talk with you conveyancer and communicate your expectations and requirements.

My wife and I purchased a leasehold flat in Hatch and Old Basing. Conveyancing and Chelsea Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Hatch and Old Basing who acted for me is not around. What should I do?

First contact the Land Registry to make sure that this person is in fact the new freeholder. You do not need to instruct a Hatch and Old Basing conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I acquired a garden flat in Hatch and Old Basing, conveyancing having been completed June 2005. Can you work out an approximate cost of a lease extension? Similar flats in Hatch and Old Basing with over 90 years remaining are worth £190,000. The ground rent is £65 invoiced every year. The lease ends on 21st October 2087

With only 61 years left to run we estimate the premium for your lease extension to be between £19,000 and £22,000 plus legals.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.