My partner and I are looking to purchase a property in Chaddesley Corbett and are in fact using a Chaddesley Corbett conveyancing firm. Within the past 48 hours our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. have this evening contacted us to advise us that there is now an issue as our Chaddesley Corbett conveyancer is not on their conveyancing panel. Is this a problem?

When purchasing a property with the benefit of a mortgage it is standard for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Chaddesley Corbett solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.

My husband and I wish to acquire a purpose built apartment in Chaddesley Corbett with a residential mortgage from .We like our Chaddesley Corbett conveyancing lawyer but advised that he's not on their approved list of member firms. It seems we are left with little choice but to instruct a panel solicitor or keep our high street solicitor and pay for a panel lawyer to represent them. This seems very unfair; Can we not simply insist that use our lawyer?

Unfortunately,no. The home loan issued to you is subject to its terms and conditions, a common one being that conveyancers will be on the solicitor panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for

Are there restrictive covenants that are commonly picked up as part of conveyancing in Chaddesley Corbett?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Chaddesley Corbett. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

What does commercial conveyancing in Chaddesley Corbett cover?

Chaddesley Corbett conveyancing for business premises incorporates a wide range of services, provided by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

I inherited a 1 bedroom flat in Chaddesley Corbett, conveyancing formalities finalised in 1995. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Chaddesley Corbett with a long lease are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease comes to an end on 21st October 50

You have 50 years unexpired we estimate the premium for your lease extension to span between £36,100 and £41,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.