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Recently asked questions about conveyancing in Bridgnorth

When researching online forums for a conveyancing solicitor in Bridgnorth, many comment that I should look for a CQS accredited solicitor. What is CQS?

The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing processes through the scheme protocol the standard covers many firms who execute conveyancing in Bridgnorth.

I understand that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a house in Bridgnorth? or I am told that there is a law dating back centuries that could mean that house owners residing in a parish church boundary will be compelled to contribute towards repairs to the chancel within the church. Is this a legitimate concern for conveyancing in Bridgnorth?

Unless a prior acquisition of the premises took place after 12 October 2013 you may take it that solicitors delivering conveyancing in Bridgnorth to continue to recommend a chancel search and or chancel repair liability insurance.

I used Action Conveyancing a few years ago for my conveyancing in Bridgnorth. I now require my papers however the law firm is no longer operating. What do I do?

You should 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 Bridgnorth of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

What makes your site different to alternative web based conveyancing brokers when it comes to conveyancing in Bridgnorth?

At this site get a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Bridgnorth. As opposed to estate agents and brokerage sites we do not charge firms a commission if you choose them for your property ownership legalities in Bridgnorth

I am looking at a couple of apartments in Bridgnorth which have about forty five years remaining on the leases. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Bridgnorth is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the value of the premises. For most purchasers and mortgage companies, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises 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 Bridgnorth conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending 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 any new 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.

I purchased a studio flat in Bridgnorth, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Corresponding properties in Bridgnorth with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease runs out on 21st October 2092

You have 67 years left to run we estimate the premium for your lease extension to range between £10,500 and £12,000 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to 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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