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 home move at risk of delay or failure.

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

Recently asked questions about conveyancing in Coleford

AssumingI were to buy a freehold housein Coleford for cash and have no survey and no local authority searches how much should I expect to to save on my conveyancing in Coleford?

The only reduction in fees you would make on is the Coleford conveyancing searches. A lawyer is required to do the vast majority of work - money laundering, communicating with your sellers property lawyer, stamp duty return, register the property etc. A marginal saving might be made by not having to register a mortgage but it will not be a lot.

I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Coleford. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 16/7/2024, the requirements read as follows :

My bid for a property was accepted at auction in Coleford. Conveyancing is needed. What is next?

Having exchanged you will need to choose a conveyancing solicitor soon as you will have a tight deadline in which to complete the conveyancing. All auction property will have a bespoke auction set of papers. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the auction pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must pass this on to the solicitor instructed by you at the earliest opportunity. Do make sure that that you have the requisite funding in place to complete on the on the contractual date .

We are purchasing a 3 bedroom semi in Coleford. The intention is to carry out a loft conversion at the property.Will the conveyancing process involve investigations to determine if these alterations are allowed?

Your property lawyer should check the registered title as conveyancing in Coleford will on occasion reveal restrictions in the title deeds which prohibit certain changes or require the consent of another owner. Many additions require local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.

I recently had an offer accepted on a house in Coleford. My financial adviser recommended their conveyancers. I paid an advanced payment of £150. Soon after, the property lawyer contacted me to say that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

Due to the advice of my in-laws I had a survey completed on a property in Coleford prior to appointing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some banks may not grant a loan on this type of home.

It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Coleford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Coleford to see if the conveyancing costs will increase in light of this.

Completion is due on the sale of our £150,000 garden flat in Coleford in just under a week. The landlords agents has quoted £324 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Coleford?

Coleford conveyancing on leasehold flats normally necessitates the buyer’s conveyancer sending questions for the landlord to address. Although the landlord is not legally bound to answer such questions most will be content to assist. They are entitled to levy a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some situations it is above £800. The management information fee levied by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration charges, otherwise the charge is not strictly payable. In reality you have no choice but to pay whatever is requested of you should you wish to complete the sale of your home.

I am the registered owner of a ground floor flat in Coleford, conveyancing was carried out October 2010. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Coleford with an extended lease are worth £191,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2078

With 54 years left to run we estimate the premium for your lease extension to span between £31,400 and £36,200 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.

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