lenderpanel

Find a Cheshire Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Cheshire

In what way does my ID and proof of funds have anything to do with my conveyancing in Cheshire? Why is this being asked of me?

In order to comply with Money Laundering Regulations any Cheshire conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account showing where you live.

Under Money Laundering Regulations, conveyancers are obliged by law to check not only the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers will have an obligation to notify the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

There are numerous conveyancing solicitors in Cheshire but how do I know who I should use?

It would be unwise to be swayed by the lowest Cheshire conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.

My lawyer has informed me that defective lease insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Cheshire?

The appropriate level of defective lease indemnity insurance depends on your lender. It would differ for example between Accord Mortgages Ltd and Skipton Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.

I'm in the process of viewing apartments in Cheshire and I am now considering a potential offer. Should I already have a solicitor appointed at this point? I am planning to take a mortgage with TSB.

You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are taking out a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.

Over the last few months I have been searching for a ground for flat up to £195,000 and identified one near me in Cheshire I like with amenity areas and railway links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Cheshire in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a home loan that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.

Hoping to buy a property located in Cheshire and I am already nervous. I couldn't find anything specific about Cheshire. Conveyancing will be needed in due course but do you know about the Cheshire area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Cheshire. In the meantime here are some basic statistics that we found

What are the common deficiencies that you come across in leases for Cheshire properties?

There is nothing unique about leasehold conveyancing in Cheshire. All leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are erroneous. For example, if your lease is missing any of the following, it could be defective:

    Maintenance charge proportions which don’t add up to the correct percentage Repairing obligations to or maintain parts of the property

You could encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Bank of Scotland, and Barclays Direct all have very detailed conveyancing instructions 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 grant the mortgage, forcing the buyer to withdraw.

Cheshire Leasehold Conveyancing - Sample of Queries Prior to buying

    Who are the managing agents? Generally speaking the outlay for major works tend not to be included within maintenance charges, although a few managing agents in Cheshire obliged tenants to pay into a sinking fund created for the specific intention of establishing a fund for larger repairs or maintenance. Best to be warned whether fixing the lift or some other significant cost is anticipated to be shared by the leaseholders and will materially impact the level of the maintenance costs or necessitate a one off invoice.

Last updated

Find out more about how flying freehold can affect your the value of a property.