Unfortunately I am unable to travel far from Sewardstonebury. What is the rationale as to why all Sewardstonebury conveyancing practitioners aren't included on all mortgage company panels?

Even though it may seem unfair for mortgage companies to restrict who can represent them, from the public’s or lawyer’s point of view, the the contrary view is that banks are becoming ever more anxious and consider it vital to protect them from mortgage fraud. As a consequence of this concern banks are limiting their conveyancing panel to a manageable size.

How up to date is your search tool for Sewardstonebury conveyancing solicitors on the Yorkshire BS conveyancing panel? Do Yorkshire BS send you an updated list?

Sewardstonebury conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.

Due to the advice of my in-laws I had a survey completed on a property in Sewardstonebury in advance of instructing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some lenders tend refuse to issue a loan on such a premises.

It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Sewardstonebury. Conveyancing will be smoother if you use a solicitor in Sewardstonebury especially if they are accustomed to such properties in Sewardstonebury.

Is it simple use your search tool to get a quote from a conveyancing solicitor in Sewardstonebury on the approved list for my mortgage?

First choose a bank such as National Westminster Bank, The Mortgage Works or Godiva Mortgages Ltd then choose your preferred area e.g. Sewardstonebury. Conveyancing practices in Sewardstonebury and beyond will then be listed.

We own a leasehold flat in Sewardstonebury. Conveyancing was finished in 2009. I have been told that I should not allow the the remaining lease term to fall too short. Is this right?

Sewardstonebury leasehold properties are for a prescribed period - often 99 years when they are first granted. However a significant flats in Sewardstonebury were constructed or converted 20 or more years ago and so these leases now have under 80 years remaining. That may seem like plenty of time however Banks, Building Societies and other mortgage institutions on the whole require leases to have a minimum of 75 years remaining to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are getting close to eighty years. To enhance your property value you should be considering whether to extend your lease long before you come to sell it. You should note that there are advantages to taking action before the lease reaches even 80 years as when the lease falls below eighty years the premium to be paid to extend starts to increase.