I have 71 years unexpired on my lease and need a lease extension for my apartment in Castle Vale. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/11/2024 the requirements read as follows :

I need some quick conveyancing in Castle Vale as I have an ultimatum to complete inside one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?

If.Given you are are a mortgage free buyer you have the choice not to do searches although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Castle Vale the following are instances of issues that can crop up and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...

It has been 3 months following my purchase conveyancing in Castle Vale completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 residence 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.

I am buying a new build flat in Castle Vale. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Castle Vale

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

We are buying a four room ground floor flatin Castle Vale with a home loan from a mortgage company. We have selected a solicitor in Castle Vale but our mortgage company advise she’s not listed on their "panel". We have to appoint from the our lender panel solicitors or keep our Castle Vale conveyancer and incur the extra legals for one of their panel ones to represent our bank. We feel as though this is unjust; is there anything we can do?

Unfortunately,no. The bank mortgage offered to you is subject to conditions, one of which will be that solicitors will on the bank's conveyancing panel. in the past, most banks had large numbers of law firms on their panels, including almost all conveyancing solicitors in Castle Vale : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your lender.