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Find a Bournemouth Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Bournemouth

When reading online forums for a conveyancing lawyer in Bournemouth, most comment that I should look for a CQS assured lawyer. Can you explain what CQS is?

Bournemouth Conveyancing Quality Scheme law firms have achieved certification by the law Society CQS was established to establish evidence of quality standards in the home buying process. CQS helps home movers to identify solicitor firms that provide a quality residential conveyancing. Bournemouth is one of locations in England and Wales in which accredited firms are based. The conveyancing scheme obliges practices to undergo a strict assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Association of British Insurers.

I am being told by my conveyancer that missing deeds insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Bournemouth?

The appropriate level of missing deeds indemnity insurance depends on your lender. It would differ for example between Santander and Leeds Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.

Is it correct that all Bournemouth CQS (Conveyancing Quality Scheme) solicitors are on the Kent Reliance conveyancing panel?

A selection of banks and building societies now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.

I had a mortgage agreed in principle with Coventry BS. Bournemouth conveyancing solicitors were chosen. How long does it take for Coventry BS to send the offer to the property lawyer?

Some lenders take longer than others. Have Coventry BS completed the survey? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I have recentlybecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in Bournemouth for a purchase of a leasehold flat 12 months ago. How can I check that my home is in my name in the name of the former proprietor?

The quickest way to check if the premises is registered to you, 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 Bournemouth conveyancing specialists.

How does conveyancing in Bournemouth differ for newly converted properties?

Most buyers of new build property in Bournemouth contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Bournemouth usually purchase 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 property lawyers 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 Bournemouth or who has acted in the same development.

Are there common defects that you encounter in leases for Bournemouth properties?

There is nothing unique about leasehold conveyancing in Bournemouth. All leases are individual and drafting errors can result in certain provisions are erroneous. The following missing provisions could result in a defective lease:

    Repairing obligations to or maintain elements of the building

A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, The Royal Bank of Scotland, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to pull out.

I bought a leasehold flat in Bournemouth, conveyancing was carried out in 2004. 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? Similar flats in Bournemouth with an extended lease are worth £265,000. The ground rent is £50 charged once a year. The lease expires on 21st October 2098

With only 76 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.

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