My financial adviser says he needs my Long Stratton solicitor’s panel member for the Nationwide conveyancing panel. How do I find this out. I have e-mailed my local Long Stratton branch but they have not responded to me.
You are best placed to get this information from your Long Stratton property lawyer . Most Long Stratton conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
Finally the sale completed on my house in Long Stratton last January but the buyer keeps SMS messaging me complaining that her lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your lawyer should forward the transfer deeds and all supplemental paperwork to the purchaser's solicitors. Where appropriate, your lawyer should also evidence that the mortgage has been repaid to the purchasers conveyancers. There is unlikely to be post completion requirements unique to conveyancing in Long Stratton.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Long Stratton I like with a park and station nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Long Stratton suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you may request that they 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 speak to your conveyancing solicitor regarding this.
I'm remortgaging my primary home to a buy to let mortgage with Barclays and I will use the ballance of the raised equity as a down payment on further house. The location we are interested in is Long Stratton. Will your lawyers be able to act for the two banks and link together the transactions?
Do use our search tool on this site to check that the solicitors are on the appropriate lender panels. Having checked that they are the conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
I only have Seventy years left on my lease in Long Stratton. I am keen to get lease extension but my freeholder is absent. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you have made all reasonable attempts to track down the lessor. On the whole an enquiry agent may be helpful to conduct investigations and to produce an expert document which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s absence and the vesting order request to the County Court covering Long Stratton.
I am the registered owner of a basement flat in Long Stratton, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Long Stratton with a long lease are worth £185,000. The ground rent is £65 yearly. The lease ceases on 21st October 2079
With 60 years left to run we estimate the price of your lease extension to range between £20,000 and £23,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.