When can the exchange of contracts take place for sale conveyancing in Leconfield and am I required to attend the lawyers branch?

If you are near to one of the conveyancing solicitors in Leconfield you are welcome to come in to sign documents. However, the law practices we recommend offer a nationwide conveyancing service and give just as detailed and professional a job for you when dealing with you electronically. The executing of the sale agreement is not when everything is set in stone. A signed contract is just a prerequisite for the solicitor to address the formalities at the suitable time, which is ordinarily 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 Leconfield)to be in the office at the appropriate time.

We expect to receive a OIP from Co-operative this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Leconfield solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Leconfield solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.

I currently have a mortgage with Yorkshire BS for my property in Leconfield. Conveyancing has been completed months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Yorkshire BS?

You must advise Yorkshire BS prior to renting your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. It should not be necessary to do this via a Yorkshire BS conveyancing panel firm.

The formalities of my remortgage has taken place for my property in Leconfield. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?

Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.

I'm converting the mortgage on my primary property to a BTL mortgage with Skipton Building Society and intend to use the remaining equity as a deposit on a second property. The neighborhood we are talking about is Leconfield. Will your lawyers be able to act for the two mortgage companies and tie in the two deals?

Do use our comparison tool on this page to ensure that the lawyers are approved by both mortgage companies. Assuming that they are the conveyancer will be able to tie up the two deals but you should talk with you lawyer and make clear your desired outcome and requirements.

My husband and I are a couple of weeks into a residential purchase having been referred to solicitors by the high street agent to do our conveyancing in Leconfield. I am not happy. Can you help me find new conveyancers?

They would have to be really bad in order to consider replacing them. Has the loan offer been sent? In the event that it has you will need to advise them of the new lawyer and ensure the loan are re-sent. Your new solicitor ideally should be on the banks approved list to avoid supplemental fees and complications. So that should be your starting point. The search tool can help you find a bank approved conveyancer for your conveyancing in Leconfield

I am a negotiator for a reputable estate agent office in Leconfield where we have experienced a number of flat sales put at risk due to leases having less than 80 years remaining. I have been given contradictory information from local Leconfield conveyancing solicitors. Please can you clarify whether the vendor of a flat can start the lease extension formalities for the buyer?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Leasehold Conveyancing in Leconfield - Examples of Queries before Purchasing

What is the name of the managing agents? If a Leconfield lease has less than eighty years it will have adverse implications on the salability of the property. It is worth checking with your lender that they are happy with residual term of the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Leconfieldlease extensions you would be be obliged to have been the owner of the residence for 24 months in order to be eligible to carry out a lease extension. Is anyone aware of any major works on the horizon that will increase the maintenance costs?