I am expecting a mortgage offer from Santander. I hope to retain the legal services of a Licensed Conveyancer in Loughborough. Does the Santander Conveyancing panel exclude Licensed Conveyancers?

The Santander conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.

My Loughborough lawyer has discovered a difference when comparing the information in the home valuation survey and what is in the legal papers for the property. My solicitor has advised that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?

Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

I have been on the look out for a flat up to £235,500 and identified one near me in Loughborough I like with open areas and transport links nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Loughborough suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a home loan that many years will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.

I am looking for a conveyancing practitioner in Loughborough for my house move. Is there any facility to see a solicitor's record with the legal regulator?

Anyone can review published Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes recorded call for training reasons.

In relation to leasehold conveyancing in Loughborough what are the most common lease defects?

Leasehold conveyancing in Loughborough is not unique. All leases are individual and legal mistakes in the legal wording can result in certain sections are wrong. The following missing provisions could result in a defective lease:

A duty to insure the building

You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Bank of Scotland, and Platform Home Loans Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.

Loughborough Leasehold Conveyancing - A selection of Queries before buying

Most Loughborough leasehold properties will incur a service bill for maintenance of the block invoiced on behalf of the management company. If you acquire the property you will have to pay this charge, normally in instalments accross the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all likelihood there will be a rentcharge to be met yearly, ordinarily this is not a large sum, say approximately £25-£75 but you should to check it because sometimes it could be surprisingly expensive. It is important to be aware if a new roof is being installed or some other significant cost is pending to be shared between the tenants and will dramatically impact the level of the service costs or result in a specific invoice. It would be sensible to discover if there is anything that is prohibited in the lease. By way of example it is very common in Loughborough leases that pets are not allowed in in a block in Loughborough. If you love the flatin Loughborough yet your cat is not allowed to live with you then you will be faced difficult determination.