My conveyancer has identified a defect with the lease for the property we are buying in Barrow Upon Soar. The other side have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer says that he must check that the lender is happy with this solution. Who is the client here, us or the bank?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

We wanted to use a conveyancing solicitor in Barrow Upon Soar for our home move. Our financial adviser informed us that our mortgage lenders Chelsea Building Society won't deal with them. Surely this is unduly restrictive?

Mortgage Companies normally restrict either the type or the volume of conveyancing firms on their member panel. Typical examples of such restriction(s) being that a law practice must have two or more partners. In addition to restricting the type of firm, a few lenders have decided to limit the amount of firms they use to represent them. Be aware that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels since 2008 even though there remains mixed views regarding the level of solicitor engagement in some of that fraud. Figures from the Land Registry reveal that thousands of law firms, including some in or near Barrow Upon Soar only execute a couple conveyances a year.

I need some expedited conveyancing in Barrow Upon Soar as I have an ultimatum to complete within 2 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?

If.Given you are not taking a home loan you are at free not to have searches carried out although no solicitor would advise that you don't. With lots of history conveyancing in Barrow Upon Soar the following are examples of what can show up and therefore affect market value: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...

As co-executor for the estate of my grandfather I am disposing of a house in Swansea but reside in Barrow Upon Soar. My conveyancer (based 235 kilometers from meneeds me to sign a statutory declaration prior to completion. Can you recommend a conveyancing lawyer in Barrow Upon Soar to attest and place their company stamp on the document?

Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Barrow Upon Soar

I today plan to offer on a house that seems to meet my requirements, at a great price which is making it all the more appealing. I have just found out that the title is leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Barrow Upon Soar. Conveyancing solicitors have are about to be instructed. Will they explain the issues?

The majority of houses in Barrow Upon Soar are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Barrow Upon Soar in which case you should be shopping around for a Barrow Upon Soar conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the landlord’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your lawyer should appraise you on the various issues.

I inherited a 2 bed flat in Barrow Upon Soar, conveyancing was carried out June 2006. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Barrow Upon Soar with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2077

With just 52 years unexpired we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.