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Find a Barlaston Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Barlaston

I have Fifty Six years left on my lease and need a lease extension for my flat in Barlaston. Conveyancing solicitors on the The Mortgage Works panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/12/2018 the requirements read as follows :

Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term. Report to the issuing office if the lease term is shorter than that stated within the Offer and has less than 100 years remaining.(There is no requirement to report if the lease term is lower than that stated on the Offer but still has 100 years or more to run, or if the lease term is longer than that stated on the Offer).

NEW BUILD PROPERTIES (includes office conversions)
The following are not acceptable:
- The unexpired lease term on a new build flat is less than 125 years
- The unexpired lease term on a new build house is less than 250 years
- Starting ground rent is more than 0.1% of the property value
The lease must be amended to comply with the above. If not the case cannot proceed. Please advise us where the case cannot proceed.
Ground rents and event fees:
Ground rent and other event fees must be reasonable at all times during the lease term. For example, it is acceptable for ground rent escalation to be linked to RPI (Retail Price Index) or a similar index and where this is the case we do not need to be advised. However, unreasonable multipliers of ground rent will not be permitted, for example, doubling every 5, 10 or 15 years. These must be referred to us and we will advise if our mortgage offer remains valid. If you are unsure as to whether the terms of a lease are unreasonable, please refer the details to us.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Barlaston. Conveyancing is daunting 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 are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Barlaston

    The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

Due to the encouragement of my in-laws I had a survey completed on a house in Barlaston ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some banks tend not give a mortgage on a flying freehold home.

It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you e-mail us we can check via 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 Barlaston. Conveyancing will be smoother if you use a solicitor in Barlaston especially if they are familiar with such properties in Barlaston.

Is there anything unique about your site and other online quote calculators for conveyancing in Barlaston?

At this site get an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Barlaston. As opposed to estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors paying the most commission, as opposed to the best value conveyancing in Barlaston

I am looking for Barlaston competitive conveyancing fees. Can I be confident that all the Barlaston law firms that are identified on your directory are on the lender conveyancing panel?

The solicitor and licensed conveyancing practices on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Barlaston conveyancing solicitor being on the mortgage company conveyancing panel is not accurate.

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