Are you able to vouch for a Platform Home Loans Ltd allowed Par conveyancing solicitor finish our home move within a short deadline? Am I best advised to unstruct a high street Par conveyancer or a factory type conveyancer?

We can recommend some very good Par conveyancing firms. Another option is to visit the high street in Par. Visit a couple of law practices and ask to speak with a conveyancing solicitor for a quote. Explain your requirements together with the reasons and get an assurance on your deadline. Choose the lawyer that genuine.

Why is leasehold purchase conveyancing in Par is more expensive?

Par leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Par bank branch on various occasions and was told they are content with the situation and they will lend. My Par conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.

The lawyer must comply with the CML Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I was told four weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Par is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their PI Insurance.

A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.

After shopping around on the internet I have found a Par solicitor having checked that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?

UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Par postcode. As you are getting a mortgage with UBS, you could contact them to see if they have a list of approved surveyors in Par.

It has been 4 months since my purchase conveyancing in Par took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

What makes a Par lease problematic?

Leasehold conveyancing in Par is not unique. Most leases are individual and drafting errors can sometimes mean that certain clauses are erroneous. The following missing provisions could result in a defective lease:

A provision to repair to or maintain elements of the building Clauses dealing with recovering service charges for expenditure on the building or common parts.

You will encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Bank of Scotland, and TSB all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the buyer to withdraw.

Par Leasehold Conveyancing - Examples of Questions you should ask before buying

It would be prudent to find out as much as possible about the company managing the building as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to every day matters like the tidiness of the communal areas. Don't be shy to ask prospective neighbours if they are happy with them. In conclusion, be sure you understand the dates that you are obliged pay the maintenance charge to the relevant party and precisely how they are spending the funds. How is the lease structured? The majority of Par leasehold apartments will incur a service bill for the upkeep of the block set by the management company. Where you acquire the flat you will have to pay this contribution, usually quarterly during the year. This can differ from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a ground rent for you to pay yearly, this is usually not a exorbitant sum, say approximately £50-£100 but you need to check as sometimes it can be surprisingly expensive.