I am purchasing a maisonette in Ollerton. My Solicitor is not listed on the bank solicitor list. Can I still use my Ollerton conveyancing solicitor notwithstanding that they are not on the bank panel?

One will need to instruct a conveyancing practitioner to deal with the formalities if you need a mortgage to buy your home. The property lawyer will conduct all the relevant due diligence on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is in place. You could appoint a Ollerton conveyancing practitioner of your choice. However, if the property lawyer selected is not on the lender solicitor panel additional charges will arise as separate legal representation will be required by them. Bank panel applications may be submitted, so where your lawyer has not in the past applied for membership they should take the opportunity to apply.

Is there a reason why leasehold purchase conveyancing in Ollerton is more expensive?

The conveyancing costs on a leasehold property in Ollerton is often greater than on a freehold transaction. This is due to the additional work necessary in communicating with the landlord and management company to collate the information about whether the rent and service fee have been discharged and whether there are any significant expenditure in the near future on repairs or maintenance of the block.

I'm buying a new build house in Ollerton with a loan from Aldermore. The builders would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it would adversely affect my mortgage with Aldermore. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

My father has encouraged me to appoint his conveyancers in Ollerton. Do I follow his guidance?

Much as we are happy to recommend a Ollerton conveyancing lawyer the ideal way to select a conveyancing practitioner is to get guidance from friends or family who have actually previously instructed the firm that you are considering.

Having had my offer accepted I require leasehold conveyancing in Ollerton. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.

Assuming the lease is registered - and 99.9% are in Ollerton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I invested in buying a ground floor flat in Ollerton, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Ollerton with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ends on 21st October 2086

With only 61 years left to run we estimate the price of your lease extension to span between £18,100 and £20,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you want to 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.