Does a directory service exist listing Virgin Money panel conveyancers in Billesdon on the UK Finance Lenders’ Handbook Website?

Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. Very few lenders make their panel listings available on the web. If you are in need of a Billesdon property lawyer on the Virgin Money please use our tool.

How can we tell if a Billesdon conveyancing solicitor on the Leeds Building Society panel is any good?

When it comes to conveyancing in Billesdon seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor handling your transaction.

Kent Reliance have agreed my home loan in principle, my offer on a property in Billesdon has been agreed to, what are the next steps?

Your property agent will wish to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s approved list). Contact Kent Reliance or your broker and finish off any relevant forms. Kent Reliance will instruct a valuer who will get in touch with the estate agent or seller to book a time for the valuation to happen. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Kent Reliance will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Billesdon.

I used Arc property Solicitors several years ago for my conveyancing in Billesdon. Now, I need the files however the law firm has closed. What do I do?

Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Billesdon of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

How does conveyancing in Billesdon differ for newly converted properties?

Most buyers of new build property in Billesdon come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Billesdon usually buy the site, 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 Billesdon or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Billesdon is the location of the property. Is there any guidance you can impart?

Flying freeholds in Billesdon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Billesdon you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Billesdon may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

What makes a Billesdon lease unmortgageable?

Leasehold conveyancing in Billesdon is not unique. All leases are individual and legal mistakes in the legal wording can sometimes mean that certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:

A provision for the recovery of money spent for the benefit of another party. A duty to insure the building

You will have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Virgin Money, and Aldermore all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to withdraw.

I own a leasehold flat in Billesdon, conveyancing formalities finalised in 2003. How much will my lease extension cost? Comparable flats in Billesdon with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ceases on 21st October 2077

With only 52 years left to run we estimate the price of your lease extension to span between £29,500 and £34,000 plus legals.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.