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Find a Cinderford Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Cinderford

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

To satisfy the Money Laundering Regulations any Cinderford conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.

In accordance with Money Laundering Regulations, property lawyers are duty bound to check not simply the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to inform the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

Will our solicitor be raising enquiries regarding flooding during the conveyancing in Cinderford.

The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Cinderford. There are those who purchase a house in Cinderford, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Solicitors are not qualified to impart advice on flood risk, however there are a numerous searches that can be initiated by the buyer or by their conveyancers which will give them a better appreciation of the risks in Cinderford. The standard completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to discover whether the property has ever been flooded. If flooding has previously occurred which is not notified by the vendor, then a purchaser may bring a claim for damages stemming from an misleading answer. The purchaser’s lawyers may also commission an enviro search. This should higlight whether there is a recorded flood risk. If so, further investigations will need to be carried out.

I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Cinderford is where the house is located. What do you suggest?

Flying freeholds in Cinderford are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cinderford you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cinderford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I own a leasehold flat in Cinderford. Conveyancing and Halifax mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Cinderford who previously acted has long since retired. Any advice?

First contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Cinderford conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I invested in buying a split level flat in Cinderford, conveyancing was carried out May 2007. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Cinderford with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease expires on 21st October 2103

You have 80 years unexpired the likely cost is going to range between £8,600 and £9,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.

My nephew is about to join the property ladder, the home loan was agreed last week in principle. One the offer was accepted on house we called the bank to progress the mortgage application. We were disappointed to discover that mortgage companies do not accept all solicitor, they have to be on a list, is this legal?

Mortgage Companies tend to imposes restrictions either the type or the number of conveyancing practices on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Cinderford property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.

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