We hope to to purchase with Norwich and Peterborough Building Society. I dropped in a couple of local companies but am unable to find a Merriott conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?

Feel free to make the most of the search tool on this page. Pick the mortgage company and type Merriott or your preferred area and you will discover a number of lawyer based in Merriott or near you.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Merriott?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Merriott. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am looking for a ground for flat up to £305k and identified one round the corner in Merriott I like with a park and station in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Merriott suitable, so just wondered if I would be making a grave error buying a short lease?

If you require a home loan the shortness of the lease will 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 may ask them to 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 solicitor concerning this matter.

How do I search for a Merriott law firm on the Bank of Scotland conveyancing panel? I drive a motor bike and am willing to travel upto 20kilometers to meet the lawyer.

Feel free to make use of the search on this page. Please choose the lender and your location and you will see a number of Merriott conveyancing lawyers located nearest you. We have listed some Merriott conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Bank of Scotland panel

We own a leasehold flat in Merriott. Conveyancing was completed in last year. I have heard that I should not let the the remaining lease term to get too low. Is this right?

Merriott domestic long term leases are for a fixed term - normally 99 years when they are first granted. However a significant appartments in Merriott were constructed or converted 25 or more years ago and so such leases now have fewer than eighty years left to run. That may sound like plenty of time but Banks, Building Societies and other mortgage lenders tend to require leases to have at least 75 years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are getting close to eighty years. To optimize the saleability of your property you should be considering whether to extend your lease long before you come to sell it. Please note that there are strong financial reasons to doing so before the lease hits eighty years as when the lease falls below 80 years the amount you have to pay to extend starts to increase.