I plan on purchasing a flat in Lightwater. My Conveyancer has never been on on the bank approved list. Can I still continue with my Lightwater conveyancing solicitor even though they are excluded from the lender approved list?

You have a couple of choices available to you here

• Proceed with your existing Lightwater but your lender will no doubt instruct a on their approved list. This will result in additional charges together with probable frustration.
• Choose a new to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
• Convince your to apply to join the mortgage company panel

We hope to to purchase with . I went into 3 or 4 high street companies yet am struggling to find a Lightwater conveyancing firm on the approved list. Please you help?

Feel free to make the most of the search tool on this page. Please choose the building society and type Lightwater or your location and you will discover numerous conveyancers located in Lightwater or near you.

We are intent on selling our home in Lightwater and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know this is not the case. It does beg the question why the purchasers instructed an online conveyancing practice rather than a conveyancing solicitor in Lightwater. Having lived in Lightwater for many years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that there is no issue.

It sounds as though you may have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)

What does commercial conveyancing in Lightwater cover?

Non domestic conveyancing in Lightwater covers a broad range of guidance, given by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I am attracted to a couple of apartments in Lightwater both have approximately fifty years remaining on the lease term. Will this present a problem?

There are no two ways about it. A leasehold flat in Lightwater is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. For most buyers and lenders, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Lightwater conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Leasehold Conveyancing in Lightwater - A selection of Questions you should consider Prior to Purchasing

It is important to be aware if fixing the lift or some other significant cost is due in the near future to be shared between the leasehold owners and will dramatically impact the level of the service costs or necessitate a one off payment. Please tell me if there are any major works anticipated that will increase the maintenance fees? Does the lease have onerous restrictions?