lenderpanel

Find a Banstead Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Banstead

Do commercial conveyancing searches disclose impending roadworks that may impact a commercial land in Banstead?

Many commercial conveyancing solicitors in Banstead will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Banstead. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Banstead.

For every commercial conveyancing transaction in Banstead it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Banstead commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Banstead.

My wife and I purchased a 4 bedroom Edwardian house in Banstead. Conveyancing solicitor represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the matching address. Is it worth asking Birmingham Midshires to clarify?

You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Banstead and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing solicitor who carried out the work.

Am I right to be suspicious about brokers that I am dealing with are encouraging me to use an internet conveyancing firm rather than a High Street Banstead conveyancing company?

As is the case with lots of service providers, often suggestions from connections can be worth their weight in gold. Nevertheless there are numerous players in a conveyancing deal; estate agents, mortgage brokers and banks may recommend lawyers to use. On occasion the solicitors might be known to one of the organisations as being good in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You have the right to select your own conveyancer. Don't forget that the majority of mortgage providers specify a panel list of lawyers you have to use for the lender related work in your transaction.

In scouring the web for the term on line conveyancing in Banstead it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for my move?

The ideal method of choosing the right conveyancer is via personal testimonial, so seek the counsel of friends and family who have acquired a property in Banstead or a reputable estate agent or mortgage broker. Costs for conveyancing in Banstead vary, so it's sensible to secure a minimum of four estimates from different law firms. Dont forget to clarify that the fees are fixed.

I own a leasehold flat in Banstead. Conveyancing was finished in 2009. I have read on various advice forums that I mustn’t let the lease length get too short. Is this right?

Banstead leasehold properties are for a prescribed term - often just under one hundred years when they are first granted. However many appartments in Banstead were constructed or converted 25 or more years ago and so such leases now have under eighty years remaining. That may seem like a long time but Banks, Building Societies and other mortgage lenders on the whole require leases to have at least seventy five years left to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To optimize your property value you should be thinking about whether to extend your lease well in advance of selling the property. Please note that there are strong financial reasons to taking action before the lease hits eighty years as when the lease is below eighty years the premium you have to pay to extend starts to increase.

Last updated

Neighbouring Locations

Belmont
Cheam
Belmont
Banstead
Carshalton Beeches

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