lenderpanel

Find a Bishopston Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Bishopston

It is a dozen years since I purchased my property in Bishopston. Conveyancing lawyers have just been instructed on the sale but I am unable to track down the title deeds. Is this a problem?

You need not be too concerned. First the deeds may be kept by the mortgage company or they may still be with the conveyancers who oversaw the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Most conveyancing in Bishopston involves registered property but in the unlikely event that your property is unregistered it is more problematic but is not insurmountable.

I have just over seventy years remaining on my lease and require a lease extension for my flat in Bishopston. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/9/2021 the requirements read as follows :

Yes, subject to a minimum lease term of 85 years. The unexpired lease term must be at least the mortgage term plus 45 years. See also 5.14.9

I have justfound out that Arc property Solicitors have closed. They conducted my conveyancing in Bishopston for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is in my name in the name of the former proprietor?

The quickest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bishopston conveyancing specialists.

Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Bishopston is the location of the property. Can you offer any opinion?

Flying freeholds in Bishopston are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bishopston 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 Bishopston may decide 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.

Can you offer any advice when it comes to choosing a Bishopston conveyancing practice to deal with our lease extension?

If you are instructing a property lawyer for lease extension works (regardless if they are a Bishopston conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Bishopston conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:

    If the firm is not ALEP accredited then what is the reason?

I bought a leasehold flat in Bishopston, conveyancing formalities finalised February 2003. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Bishopston with a long lease are worth £171,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2100

With 79 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 plus professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.

Last updated

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