lenderpanel

Find a Arlesey Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Arlesey? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Arlesey home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Arlesey conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Arlesey

Am I correct in assuming that the fact that my conveyancer in Arlesey is not identified on my lender's solicitor panel that there is a problem with the standard of the firm’s work?

That is most likely a wrong assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Arlesey conveyancing practice and enquire why they are no longer on the approved list for your lender.

Can your site be used to recommend a Conveyancing solicitor in Arlesey even where I’m not buying or disposing of a house, for example where I want to buy an office in Arlesey with a loan from Chelsea Building Society?

The service is predominantly used to help choose domestic conveyancing solicitors in Arlesey but we have recorded at the bottom of this page a selection of Arlesey commercial conveyancing firms. You should speak with the solicitors directly to establish if they are also authorised to represent Chelsea Building Society

Should my conveyancer be raising questions about flooding during the conveyancing in Arlesey.

Flooding is a growing risk for lawyers dealing with homes in Arlesey. Plenty of people will buy a property in Arlesey, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.

Solicitors are not best placed to offer advice on flood risk, but there are a various checks that can be initiated by the purchaser or by their lawyers which should give them a better appreciation of the risks in Arlesey. The standard completed inquiry forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to determine whether the premises has suffered from flooding. In the event that the property has been flooded in past which is not notified by the seller, then a buyer could bring a compensation claim as a result of such an incorrect response. The purchaser’s lawyers may also order an environmental search. This will reveal whether there is a recorded flood risk. If so, additional inquiries should be initiated.

I am buying a new build apartment in Arlesey. Conveyancing is necessary evil 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.

Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Arlesey

    Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.

We own a leasehold flat in Arlesey. Conveyancing was finished in 2011. I have heard that I should not allow the the remaining lease term to get too short. Is this right?

Arlesey leasehold properties are for a set period - often just under one hundred years when they commenced. However a significant flats in Arlesey were constructed or converted 20 or more years ago and so these leases now have less than eighty years unexpired. This may seem like a long time but Banks, Building Societies and other mortgage companies on the whole need leases to have a minimum of seventy five years unexpired to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are nearing eighty years. To maximise the saleability of your property you should be thinking about whether to extend your lease long before you come to sell it. There are also advantages to doing so before the lease hits eighty years as when the lease is less than eighty years the premium you have to pay to extend starts to increase.

Last updated

Find out more about how flying freehold can affect your the value of a property.