I am purchasing a maisonette in Binstead. My Conveyancer is not listed on the bank conveyancing panel. Can I still continue with my Binstead conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
Various options include
- Complete the purchase with your preferred Binstead property lawyer but your bank will need to retain a solicitor from their approved list. The net result is additional fees together with probable delay.
- Appoint a fresh conveyancing practitioner to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Convince your solicitor to pull out all the stops to join the lender’s conveyancing panel
Do lenders provide you with an approved list of Binstead conveyancing solicitors? How do you know who is on the Coventry BS conveyancing panel?
Binstead conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
I am buying a new build apartment in Binstead. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Binstead
-
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
My partner has recommend that I appoint his conveyancers in Binstead. Should I use them?
Much as we are happy to recommend a Binstead conveyancing lawyer it’s preferable to find a conveyancing lawyer is to have recommendations from friends or relatives who have actually previously instructed the solicitor that you are contemplating using.
Due to sign contracts shortly on a garden flat in Binstead. Conveyancing lawyers have said that they report fully tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Binstead should include some of the following:
-
An explanation as to the provision as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the more general rights a tenant enjoys Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Does the lease prevent you from renting out the property, or working from home Repair and maintenance of the property You would want to receive a copy of the lease
I am the registered owner of a 1st floor flat in Binstead, conveyancing formalities finalised in 2002. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Binstead with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2099
With just 74 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus costs.
The suggested premium range that we have given is 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 this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.