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Find a Clowne Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Clowne

My friend's uncle is a conveyancing practitioner. I am hopeful that I will receive friends and family fee for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Clowne?

You should contrast pricing. Do use our search tool on this site. Whilst prices will vary but service levels do differ between conveyancers as is the case with most professions.

About to place a bid on a leasehold flat in Clowne. The estate agents advise that it is the norm for flats in Clowne to have less than 75 years remaining. I am taking out a mortgage with The Mortgage Works. Is this going to be acceptable if the lease has 70 years remaining.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/4/2019 the requirements read as follows :

Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term. Report to the issuing office if the lease term is shorter than that stated within the Offer and has less than 100 years remaining.(There is no requirement to report if the lease term is lower than that stated on the Offer but still has 100 years or more to run, or if the lease term is longer than that stated on the Offer).

NEW BUILD PROPERTIES (includes office conversions)
The following are not acceptable:
- The unexpired lease term on a new build flat is less than 125 years
- The unexpired lease term on a new build house is less than 250 years
- Starting ground rent is more than 0.1% of the property value
The lease must be amended to comply with the above. If not the case cannot proceed. Please advise us where the case cannot proceed.
Ground rents and event fees:
Ground rent and other event fees must be reasonable at all times during the lease term. For example, it is acceptable for ground rent escalation to be linked to RPI (Retail Price Index) or a similar index and where this is the case we do not need to be advised. However, unreasonable multipliers of ground rent will not be permitted, for example, doubling every 5, 10 or 15 years. These must be referred to us and we will advise if our mortgage offer remains valid. If you are unsure as to whether the terms of a lease are unreasonable, please refer the details to us.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Clowne. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Clowne

    Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

I opted to have a survey completed on a property in Clowne ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies tend refuse to issue a loan on a flying freehold home.

It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Clowne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Clowne to see if the conveyancing costs will increase in light of this.

In searching the world wide web for the words conveyancing in Clowne it brings up many conveyancersin the area. How do I determine which is the right solicitor for the sale of my house?

The best way of finding a suitable conveyancer is through a personal recommendation, so enquire of colleagues and those you trust who have acquired a property in Clowne or the local estate agent or mortgage broker. Costs for conveyancing in Clowne differ, so it's advisable to request at least three costs illustrations from varying types of law firms. Make sure that you know that the fees are fixed.

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