We are hoping to buy a 1 bedroom apartment in New Rossington with a mortgage. We like our New Rossington lawyer, however the mortgage company says she’s not on their "panel". We have to appoint one of the mortgage company panel firms or retain our New Rossington conveyancer and pay for one of their panel firms to represent them. We regard this is inequitable; is there anything we can do?

Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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. A further alternative is for your New Rossington conveyancing solicitor to apply to be on the conveyancing panel.

Do the conveyancing solicitors identified via your search tool carry out conveyancing in New Rossington by way of an attended exchange?

There are a few conveyancing experts who can conduct 24hr exchanges. You should call us to receive a conveyancing quote and details as to availability.

My aunt passed away six months ago and as sole heir and executor I was left the house in New Rossington. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this allowed?

If you plan to re-mortgage then RBS will insist on your using a conveyancer on the RBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your RBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the RBS mortgage is registered as a charge at the Land Registry.

My uncle has encouraged me to appoint his conveyancing solicitors in New Rossington. Should I use them?

No doubt it’s preferable to find a conveyancing lawyer is to get referrals from friends or family who have previously instructed the conveyancer that you are considering.

I am looking at a two apartments in New Rossington both have about forty five years remaining on the lease term. Do I need to be concerned?

A lease is a right to use the premises for a prescribed time frame. As the lease shortens the saleability of the lease reduces and results in it becoming more expensive to acquire a lease extension. This is why it is often a good idea to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.

I bought a 1 bedroom flat in New Rossington, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in New Rossington with a long lease are worth £197,000. The ground rent is £55 invoiced every year. The lease finishes on 21st October 2080

You have 56 years unexpired we estimate the price of your lease extension to span between £29,500 and £34,000 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.