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Find a Arnside Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Arnside

Please help - my lawyer advises that restrictive coveneant insurance is required on my purchase. What is the level of cover for Arnside conveyancing?

The right level of restrictive coveneant indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Barnsley Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.

I happen to be the sole recipient of my late father’s will with all property in now in my sole name, including the house in Arnside. Conveyancing formalities meant that the Land Registry date was in January. I want to move. I do know about the CML 6 month 'rule', which means that my proprietorship may be treated the same way as if I'd bought the house in January. Do I have to wait half a year to sell?

The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view mortgage companies take of it, depend on the lender as this provision is principally there to identify the purchase and immediately sell or the flipping of property.

Planning on purchasing a apartment in Arnside. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Arnside conveyancer is on the Barclays conveyancing panel.

Due to the advice of my in-laws I had a survey completed on a house in Arnside prior to retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some lenders will refuse to grant a mortgage on a flying freehold property.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can investigate further 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 Arnside. Conveyancing will be smoother if you use a solicitor in Arnside especially if they are familiar with such properties in Arnside.

My cousin has recommend that I instruct his lawyers for conveyancing in Arnside. Do I take his recommendation?

No doubt the ideal way to choose a conveyancing practitioner is to have feedback from friends or family who have experience in using the firm that you are are thinking of instructing.

I am a negotiator for a reputable estate agent office in Arnside where we have experienced a few leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Arnside conveyancing solicitors. Could you clarify whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder 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.

Arnside Conveyancing for Leasehold Flats - Examples of Questions you should ask before buying

    How long is the Lease? You should be aware if it is no more than eighty years it will impact the marketability of the flat. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Arnsidelease extensions you will need to own the premises for 24 months in order to be entitled to extend the lease. How many of the leaseholders are in arrears for their maintenance charge payments?

My folks are encountering problems in finding their Arnside property on the HM Land Registry online search facility. They have a vague memory back in the 60’s when they acquired the house there were complications concerning the post code not being identified on some systems.

Nearly all premises in Arnside should be revealed. Have you endevoured to search to just the postcode. Ordinarily it will reveal all the residences within that postcode. Where recorded it will be there with a title number. Where they bought 50 years ago it's conceivable it may be not yet registered. The address may still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title deeds which might be with your parent’s bank.

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