I am in the throes of changing my current homeowner home loan to a BTL Bank of Scotland mortgage. I was told by my financial advisor that I must appoint a solicitor for this. I had a chat my past Melton Constable conveyancing firm who who conducted the conveyancing when I first acquired the property. The costs illustration they've given of £500 has surprised me as I am not require purchase conveyancing - it’s just a bog-standard refinance.

The estimate does seem a little steep. If you are willing to spend time scrutinising quotes you might trim some of the cost by perhaps a hundred pounds. That being said, if you were content with the conveyancing the firm offered you couldlive to regret choosing an a cheaper solicitor. If is important to ensure that the conveyancer can act for Bank of Scotland. Do utilise our search tool to choose a Melton Constable conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Melton Constable.

I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Melton Constable with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?

There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

How does conveyancing in Melton Constable differ for newly converted properties?

Most buyers of new build or newly converted property in Melton Constable come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Melton Constable usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Melton Constable or who has acted in the same development.

I decided to have a survey done on a property in Melton Constable ahead of appointing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some lenders will refuse to grant a loan on this type of premises.

It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Melton Constable. Conveyancing will be smoother if you use a solicitor in Melton Constable especially if they are accustomed to such properties in Melton Constable.

I only have 68 years unexpired on my flat in Melton Constable. I am keen to get lease extension but my landlord is can not be found. What should I do?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to track down the landlord. On the whole a specialist should be helpful to try and locate and to produce an expert document which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a solicitor both on proving the landlord’s disappearance and the application to the County Court covering Melton Constable.

I inherited a 2 bed flat in Melton Constable, conveyancing formalities finalised March 1997. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Melton Constable with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ends on 21st October 2080

With just 55 years remaining on your lease we estimate the premium for your lease extension to be between £31,400 and £36,200 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.