I am getting a mortgage offer from Nat West. My intention is to enlist the help of a Licensed Conveyancer in Dereham. Does the Nat West Solicitor panel include conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Is there a reason why leasehold purchase conveyancing in Dereham is more expensive?
The conveyancing fees on a leasehold property in Dereham is inevitably greater than on a freehold acquisition or disposal. This is due to the supplemental time necessary in liaising with the freeholder and managing agents to collate the evidence about whether the rent and service fee have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
I need some quick conveyancing in Dereham as I have pressure to exchange contracts within 4 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you have the choice not to have searches conducted although no law firm would suggest that you don't. With plenty of history conveyancing in Dereham the following are instances of what can arise and therefore impact market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
I am looking for a ground for flat up to £235,500 and identified one round the corner in Dereham I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Dereham suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I'm refinancing my current house to a buy to let loan with Barclays and I will use the rest of the raised equity towards a second house. The area we are looking at is Dereham. Will your lawyers be able to act for the two banks and tie in the conveyances?
Make use of our comparison tool on this page to check that the lawyers are on the appropriate lender panels. Assuming that they are the solicitor will be able to connect the two deals but you should have a chat with you solicitor and communicate your expectations and requirements.