Find a Atherstone Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Atherstone

I am in need of a conveyancer. Do I opt for an internet conveyancer rather than a family Atherstone conveyancing solicitor?

Atherstone is a special area, where local insight counts for a lot. The laid-back lifestyle has it’s attractions – but not for your home move. The conveyancers that we recommend display well rounded Atherstone know how with a proactive, hands-onapproach that ensures everything runs smoothly. It is a distinct advantage where they benefit from long term relationships with mortgage brokers, search providers, surveyors and counterpart Atherstone conveyancing solicitors

In what way does my ID and proof of funds have anything to do with my conveyancing in Atherstone? Is this really necessary?

It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Atherstone. Nowadays you will not be able to proceed with any conveyancing transaction without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper part as well as the photo card part, one is not sufficient without the other.

Verification of your origin of monies is required under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor must retain this information on file. Your Atherstone conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask further queries concerning the origin of funds.

How does conveyancing in Atherstone differ for newly converted properties?

Most buyers of new build residence in Atherstone come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because developers in Atherstone tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Atherstone or who has acted in the same development.

Due to the input of my in-laws I had a survey completed on a property in Atherstone in advance of retaining solicitors. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks tend refuse to give a loan on this type of premises.

It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Atherstone. Conveyancing may be slightly more expensive based on your lender's requirements.

I am employed by a busy estate agent office in Atherstone where we have experienced a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Atherstone conveyancing firms. Please can you shed some light as to whether the vendor of a flat can start 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 commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 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 simultaneously with completion of the disposal of the property.

Alternatively, it may be possible 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 buyer.

Atherstone Leasehold Conveyancing - Examples of Queries Prior to Purchasing

    How much is the maintenance charge and ground rent on the flat? You should want to find out as much as you can regarding the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to every day matters like the tidiness of the common parts. Don't be afraid to ask other tenants what they think of their service. In conclusion, find out the dates that the service charges are due to the appropriate party and specifically what it includes. Make sure you enquire if there are any onerous restrictions in the lease. By way of example some leases prohibit pets being permitted in in a block in Atherstone. If you love the flatin Atherstone yet your dog can’t live with you then you will be faced difficult compromise.

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