We wish to acquire a 1 bedroom apartment in Ketton with a mortgage from The Mortgage Works.We have a Ketton conveyancing practitioner but The Mortgage Works informed us he's not listed on their approved list of firms. we are left little option but to use a The Mortgage Works panel firm or keep our local solicitor and fork out for a The Mortgage Works panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?

Unfortunately,no. The mortgage issued to you contains terms and conditions, one of which will be that lawyers must be on the The Mortgage Works approved list. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find 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 solicitors to apply to be on the conveyancing panel for The Mortgage Works

Does a directory service exist listing Santander panel conveyancers in Ketton on the Building Society Association’s Website?

Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings visible on the web. If you are seeking to appoint a Ketton conveyancer on the Santander please use our facility.

Two weeks ago we had a mortgage agreed in principle with HSBC. Ketton conveyancing practitioners were instructed. How long does it take for HSBC to send the offer to the solicitor?

Some lenders take longer than others. Have HSBC completed the valuation? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I had an offer accepted on a house in Ketton on 13/6/2025, valuation was booked 4 days after, all came back fine. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Can the lender hold off the offer?

Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.

Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in Ketton I like with open areas and railway links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Ketton suitable, so just wondered if I would be making a mistake acquiring a short lease?

Should you require a mortgage the shortness of the lease may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.

I own a leasehold house in Ketton. Conveyancing and HSBC Bank mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Ketton who acted for me is not around. Do I pay?

The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the new freeholder. It is not necessary to instruct a Ketton conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Ketton - Examples of Queries Prior to buying

How many of the leaseholders are in arrears for their service charge payments? How many years are left on the lease?

My wife and I have an offer in principle from Birmingham Midshires who indicated we could borrow up to £117k. At what point do we need to instruct a lawyer for conveyancing? Ketton is where we are buying.

You can appoint a lawyer now so that the property lawyer can open the ledger so they can do the AML checks etc. As and when you wish them to commence work they will seek a deposit usually about £200. That should normally be once you have the loan offer from the lender and survey results, nevertheless should you want to speed matters you can start the ball rolling sooner albeit risking some money.