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Find a Coleford Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Coleford

What does my ID and proof of funds have anything to do with my conveyancing in Coleford? Why is this being asked of me?

Coleford conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).

Evidence of source of funds is also necessary in accordance with the money laundering statutes as solicitors are duty bound to ensure that the monies you are using to purchase a property (whether it be the deposit for exchange or the total purchase monies if you are buying without a mortgage) has come from a reputable source (such as employment savings) rather than the proceeds of illegitimate behaviour.

Just acquired a detached house in Coleford , how long will it take for the Land Registry to record my ownership? My Coleford conveyancing solicitor has been very slow, so I want to check the registration formalities are dealt with.

There is nothing unique about conveyancing in Coleford registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether there are errors and whether the Land registry communicate with any 3rd persons or bodies. At present in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Registration is effected after the purchaser has moved in to the premises so 'speed' is not typically primary concern but where there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.

I am buying a new build apartment in Coleford. Conveyancing is a frightening process 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 conveyancing.

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

    Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.

I am on look out for some leasehold conveyancing in Coleford. Before I set the wheels in motion I would like to find out the remaining lease term.

Assuming the lease is recorded at the land registry - and almost all are in Coleford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Leasehold Conveyancing in Coleford - A selection of Questions you should consider before Purchasing

    The majority of Coleford leasehold flats will incur a service charge for the upkeep of the building levied on behalf of the freeholder. Should you purchase the apartment you will have to pay this contribution, normally in instalments throughout the year. This may differ from a couple of hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay annual, ordinarily this is not a significant figure, say around £50-£100 but you should to check it because on occasion it could be many hundreds of pounds. How is the lease structured? How much is the ground rent and service charge?

I have been recommended a conveyancing solicitor in Coleford. I need to find out if they are listed on the lender's approved list of lawyers. Can you help?

It’s a good idea call the conveyancer and ask them if they are on the lender's approved list. Alternatively please call us and we can investigate and revert. If they are not on the lender panel we we can help find a reputable conveyancing solicitor in Coleford on the approved list for your lender.

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