In the event thatI was to acquire a freehold housein Narborough for cash and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Narborough?

Any savings you would achieve would be limited to the disbursement for searches. The conveyancing practitioner is obliged to do the vast majority of work - money laundering, communicating with your vendors lawyer, SDLT submission, register the property etc. A slight saving might be made by not needing to register a mortgage however it will not be meaningful.

I have Fifty Six years unexpired on my lease and require a lease extension for my flat in Narborough. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/12/2024 the requirements read as follows :

Due to the advice of my in-laws I had a survey completed on a house in Narborough ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies tend refuse to grant a loan on such a property.

It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Narborough. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Narborough to see if the conveyancing will be more expensive.

I'm remortgaging my primary house to a buy to let loan with Virgin Money and I will use the rest of the raised equity as a deposit on further property. The area we are talking about is Narborough. Will your lawyers be able to act for the two banks and link together the conveyances?

Do use our comparison tool on this page to check that the conveyancers are approved by both banks. On the basis that they are the conveyancer will be able to connect the two transactions but you should have a chat with you conveyancer and make apparent your desired outcome and needs.

Do you have any top tips for leasehold conveyancing in Narborough with the aim of speeding up the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Narborough can be bypassed where you get in touch lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold documentation needed by the buyers’ solicitors.
You may think that you are aware of the number of years left on your lease but it would be wise to double-check by asking your conveyancers. A buyer’s conveyancer will not be happy to advise their client to where the lease term is less than 80 years. It is therefore essential at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. The majority of landlords or Management Companies in Narborough levy fees for supplying management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common cause of delay in leasehold conveyancing in Narborough. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Narborough leases often stipulate that internal structural alterations or laying down wooden flooring calls for a licence issued by the Landlord acquiescing to such works. If you dont have the paperwork to hand do not contact the landlord without contacting your conveyancer in advance.

Leasehold Conveyancing in Narborough - Examples of Questions you should ask Prior to buying

How long is the Lease? How much is the maintenance charge and ground rent on the property?