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Find a Bourne End Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Bourne End

I can't travel far from Bourne End. I would like to know the reason why all Bourne End conveyancers are not on all mortgage company panels?

Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The removal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in mortgage companies pruning a number of firms off their official list of approved lawyers .

At what point will exchange of contracts occur in sale conveyancing in Bourne End and do I need to be at the solicitors branch?

Where you are round the corner to one of the conveyancing solicitors in Bourne End you are invited in to sign the paperwork. That being said, the firms we work with offer a countrywide conveyancing service and give just as diligent and professional a job for you when dealing with you digitally. The signing of the purchase agreement is not when everything is set in stone. A signed contract is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bourne End)to be in the office available at the end of the phone to exchange contracts.

Does a directory service exist listing Bank of Ireland panel solicitors in Bourne End on the Council of Mortgage Lender’s Website?

Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings visible over the internet. If you are in need of a Bourne End lawyer on the Bank of Ireland please make the most of our tool.

I currently have a mortgage with Nottingham for my property in Bourne End. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?

You must advise Nottingham before renting your property as this is likely to be a breach of Nottingham’s mortgage conditions. It may be that Nottingham will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. It should not be necessary to do this via a Nottingham conveyancing panel solicitor.

The formalities of my purchase has taken place for my property in Bourne End. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?

Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.

I am looking at a couple of maisonettes in Bourne End both have about 50 years left on the leases. should I be concerned?

There are no two ways about it. A leasehold flat in Bourne End is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it reduces the salability of the premises. For most purchasers and lenders, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bourne End conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Bourne End Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing

    Please tell me if there are any major works in the near future that could increase the maintenance charges? How is the lease structured? It would be prudent to find out as much as you can about the company managing the block as they will affect your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to every day issues such as the cleanliness of the common parts. You should not be shy to ask other people what they think of them. On a final note, be sure you know the dates that you are obliged pay the service charge to the relevant party and precisely what you get for your money.

I'm buying a flat in Bourne End. I have found my conveyancer's company on the Law Society's list, but I can't find my conveyancer's name as listed on the regulator's website. Is this a big problem?

Not every individual in the company must be listed by the regulator. Provided there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.

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