lenderpanel

Find a Biddenham Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Biddenham

In what way does my ID and proof of funds have anything to do with my conveyancing in Biddenham? Why is this being asked of me?

In order to comply with Money Laundering Regulations any Biddenham conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.

Under Money Laundering Regulations, conveyancing solicitors are duty bound to ascertain not simply the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to notify the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

What is your number one tip for choosing a conveyancing solicitor in Biddenham

Do not opt for the lowest Biddenham conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.

When it comes to lenders such as Bank of Ireland, do Biddenham conveyancing practitioners have to pay a yearly amount to be on the list of approved solicitors?

We are unaware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.

We have agreed to purchase a house in Biddenham. A rare aspect is that the roof has a solar panel. Yorkshire BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

As you are obtaining a mortgage with Yorkshire BS your lawyer must follow the conveyancing instructions outlined in Part 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and lawyers are required to report to Yorkshire BS where a lease fails to comply with these requirements. The specifications relate to the installation of panels on properties countrywide and is not isolated to Biddenham.

How does conveyancing in Biddenham differ for newly converted properties?

Most buyers of new build residence in Biddenham come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is finished. This is because builders in Biddenham tend to buy 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 conveyancers 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 Biddenham or who has acted in the same development.

I have recently realised that I have 62 years remaining on my lease in Biddenham. I need to get lease extension but my landlord is absent. What options are available to me?

On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to locate the freeholder. On the whole a specialist should be useful to conduct investigations and to produce an expert document to be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s absence and the vesting order request to the County Court overseeing Biddenham.

I purchased a leasehold flat in Biddenham, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Biddenham with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2079

With 54 years unexpired the likely cost is going to be between £32,300 and £37,400 plus professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.

How up-to-date is your search tool for the bank conveyancing panel in Biddenham? Do the mortgage companies send you an updated list?

Biddenham law firm practices and firms conducting conveyancing in Biddenham themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.

Last updated

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