My mortgage broker requires my Allestree solicitor’s panel reference for the Nat West conveyancing panel. How do I find this out. I have contacted my local Allestree office but they don't know it.

Have you tried contacting your Allestree conveyancing practitioner about this?. They keep a central record lender panel numbers.

I am selling my home in Allestree. Will my property lawyer have to be on the Aldermore conveyancing panel in order to deal with repayment of my mortgage?

Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.

What is the difference between a licensed conveyancer and conveyancing solicitor in Allestree

There are two types of lawyers who can do conveyancing in Allestree namely CLC regulated conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the disposal or purchase of property. Both are obliged to perform Allestree conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that all necessary steps will be correctly adhered to.

It is unclear whether my bank requires a lease extension. I have called my Allestree building society branch on various occasions and was reassured it wasn't a problem and they would lend. My Allestree conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend based on their published requirements. I simply don't know who is right.

As long as the solicitor is on the bank panel, she or he must adhere to the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 remaining.

Coventry BS have agreed my home loan in principle, my bid on a apartment in Allestree has been agreed to, what happens next?

Your estate agent will wish to be advised as to your lawyer's details (make sure the lawyers are on the bank’s approved list). Call up Coventry BS or your broker and finish off any outstanding forms. Coventry BS will sellect a valuer who will get in contact with the estate agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Coventry BS will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Allestree.

In what way can the Landlord & Tenant Act 1954 affect my commercial premises in Allestree and how can you help?

The particular law that you refer to affords a safeguard to commercial lessees, granting the a statutory right to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Allestree

What makes a Allestree lease unacceptable for security purposes?

There is nothing unique about leasehold conveyancing in Allestree. All leases are individual and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:

A duty to insure the building Clauses dealing with recovering service charges for expenditure on the building or common parts.

You may have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, Leeds Building Society, and Aldermore all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to withdraw.

I own a ground floor flat in Allestree, conveyancing having been completed 6 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Allestree with an extended lease are worth £181,000. The ground rent is £55 charged once a year. The lease ceases on 21st October 2076

With only 51 years unexpired we estimate the premium for your lease extension to span between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.