Over the last few months I have been searching for a flat up to £305k and identified one near me in Borrowash I like with open areas and station nearby, however it's only got 49 remaining years left on the lease. There is not much else in Borrowash in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?

Should you require a home loan that many years may be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

Is it simple use your search app to locate a conveyancing solicitor in Borrowash on the authorised to act for my bank?

1st select a lender such as National Westminster Bank, Leeds Building Society or Barclays Direct then specify your preferred area for example Borrowash. Conveyancing firms in Borrowash and further afield should be shown.

My husband and I are 17 days into a residential purchase having been directed to solicitors by the high street agent to perform conveyancing in Borrowash. I am am extremely frustrated with the quality of service. Can you help me find new conveyancers?

A conveyancer would have to be really poor in order to consider diss instructing them. Has your mortgage been generated? If so you will need to inform them of the new contact details and ensure the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the banks approved list to avoid supplemental fees and complications. That should be your starting point. Our search tool will help you find a bank approved conveyancer for your conveyancing in Borrowash

I am in need of some leasehold conveyancing in Borrowash. Before I get started I want to be sure as to the remaining lease term.

If the lease is registered - and most are in Borrowash - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I own a ground floor flat in Borrowash, conveyancing having been completed in 2003. 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? Equivalent properties in Borrowash with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2104

You have 80 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as costs.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.

Our solicitor in Borrowash has identified a defect with the lease for the flat we are purchasing in Borrowash. The other side have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the bank conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?

Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Borrowash conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions must be adhered to by the lender conveyancing panel who has to balance acting for you and the mortgage company