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Find a Chaddesden Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Chaddesden

I am five weeks into the sale of my flat in Chaddesden and the estate agent has just e-mailed to say that the purchasers are changing their law firm. The reason given is that the lender will only deal with solicitors on their conveyancing panel. Why would a big named mortgage company only deal with certain solicitors rather the firm that they want to appoint for their conveyancing in Chaddesden ?

Mortgage companies have always had panels of law firms that can act for them, but in the past few years big names such as Yorkshire Building Society, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.

Banks blame a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any impact on this.

We wanted to use a property lawyer in Chaddesden for our house purchase. Our financial adviser has since advised us that our mortgage lenders Barclays Direct won't deal with them. Surely this is unduly restrictive?

A bank may insist on a panel solicitor act for it. You would be liable to meet the charges for this. Do use our database to choose a solicitor to conduct conveyancing in Chaddesden on the Barclays Direct approved list of solicitors.

How does conveyancing in Chaddesden differ for new build properties?

Most buyers of new build premises in Chaddesden come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Chaddesden 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 conveyancers 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 Chaddesden or who has acted in the same development.

I am looking for a flat up to £235,500 and found one round the corner in Chaddesden I like with open areas and station in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Chaddesden in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you require a home loan that many years may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.

I have just appointed agents to market my 2 bed flat in Chaddesden.Conveyancing solicitors are to be appointed soon however I have recently received a half-yearly service charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should discharge the service charge as you normally would because all ground rent and service charges will be allottedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially

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