I plan on purchasing a ground floor flat in Ombersley. My Solicitor is not listed on the mortgage company approved panel. Can I still retain my Ombersley conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?

One will need to appoint a conveyancer to complete the legal work required when you need a loan to buy your home. They will conduct all the appropriate due diligence on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is in order. You can appoint a Ombersley conveyancer of your choosing. Nevertheless, if the conveyancer appointed is not on the mortgage company approved list further fees will be incurred as separate legal representation will be required by them. Lender panel applications can be submitted, so provided your lawyer has not historically sought membership they can do so.

Due to the advice of my in-laws I had a survey completed on a property in Ombersley prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies tend not give a mortgage on such a home.

It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ombersley. Conveyancing will be smoother if you use a solicitor in Ombersley especially if they are acquainted with such properties in Ombersley.

My company is wishing to lease a unit on the high street. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Ombersley for less than 1500k?

We can recommend firms who have well rounded knowledge of commercial conveyancing in Ombersley, including the sale and acquisition of businesses as well as simply property. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will find you the right lawyer. As for the fees these will vary based on the structure and nuances of the deal. Let us have your contact information or call us so that we may provide you with comprehensive commercial conveyancing calculation.

I work for a reputable estate agency in Ombersley where we have experienced a few leasehold sales derailed as a result of short leases. I have received contradictory information from local Ombersley conveyancing firms. Could you clarify whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Leasehold Conveyancing in Ombersley - Examples of Questions you should consider before Purchasing

In the main the outlay for major works tend not to be included within maintenance charges, albeit that some managing agents in Ombersley require leaseholders to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees enjoy control and although a managing agent is often employed where the building is bigger than a house conversion, the managing agent is directed by the tenants. How is the lease structured?

After what feels like an age I have had an offer on an maisonette in Ombersley accepted, but there is a chain. The sellers have offered on on an apartment, but it’s not been accepted yet, and has viewings of other flats booked. I have selected a nearby conveyancing solicitor in Ombersley. What should be my next step? When do I get the mortgage application with Nationwide started with Nationwide?

It is standard to have apprehensions where there is an associated chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then survey, Ombersley conveyancing search costs, etc). The first course of action is to ensure that your conveyancer is on the Nationwide conveyancing panel. Concerning the next stages this very much dictated by the uniqueness of your transaction, desire for the property and on the state of the market. During a rising market many home buyers would apply for a home loan with Nationwide and pay for the valuation and only if it comes back ok would they ask their property lawyer to proceed with the conveyancing in Ombersley.