Can the conveyancing lawyers that you recommend conduct conveyancing in Cheltenham by way of an attended exchange?

There are a few conveyancing experts carrying out personalised exchanges. You should call us to get a costs illustration and details as to availability.

Is it correct that all Cheltenham CQS (Conveyancing Quality Scheme) solicitors are on the Yorkshire BS conveyancing list of approved solicitors?

A selection of banks and building societies now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.

Can I be sure that the Cheltenham conveyancing solicitor on the Bank of Ireland panel is any good?

When it comes to conveyancing in Cheltenham obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor conducting your transaction.

I was told two weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Cheltenham is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their PI Insurance.

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.

How do I use your search app to choose a conveyancing lawyer in Cheltenham on the authorised to act for my mortgage?

First choose a bank such as National Westminster Bank, Virgin Money or Alliance & Leicester then type in your preferred area e.g. Cheltenham. Conveyancing organisations in Cheltenham and across England and Wales will then be identified.

We are one month into a leasehold purchase having been recommend to solicitors by the high street agent to carry out the conveyancing in Cheltenham. I am am extremely dissatisfied with the quality of service. Could you you assist me in finding new conveyancers?

They would have to be very poor to suggest diss instructing them. Has your mortgage been issued? If so you need to inform them of the new conveyancer and have the mortgage documents are re-sent. The solicitor ideally needs to be on the mortgage company approved list to avoid supplemental costs and complications. That should be your starting point. Our find a solicitor tool will assist you in finding a lender approved conveyancer for your home move in Cheltenham

I am attracted to a two flats in Cheltenham which have approximately fifty years left on the lease term. Will this present a problem?

There are no two ways about it. A leasehold apartment in Cheltenham is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the property. For most buyers and lenders, leases with less than 75 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 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 a property 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 Cheltenham 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 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.

Cheltenham Leasehold Conveyancing - Sample of Questions you should consider before buying

The answer will be useful as a) areas may cause problems for the block as the common areas may begin to deteriorate if repairs are not paid for b) if the leaseholders have an issue with the managing agents you will need to know about it Where a Cheltenham lease has fewer than 80 years it will impact the value of the flat. It is worth checking with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will most likely require a lease extension at some point and you need to have some idea of how much this will be. Remember, in most cases you would be required to have owned the premises for a couple of years before you are eligible to exercise a lease extension. It would be wise to investigate if there is anything that is prohibited in the lease. For instance it is fairly common in Cheltenham leases that pets are not allowed in certain buildings in Cheltenham. If you like the propertyin Cheltenham but your dog can’t live with you then you will be faced difficult compromise.