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Find a Colerne Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Colerne

I selected a local solicitor for my conveyancing in Colerne yesterday. Looking through the small print I notewe are responsible for costs even where the conveyance does not complete. Should I ditch them and instruct a web based conveyancing brokerage offering no-sale-no-fee conveyancing in Colerne?

It is usually a trade off in that if "No Sale No Fee" is available then the conveyancing charges will generally be more expensive to cover the cases that do not proceed. Do bear in mind that such arrangements rarely protect you from expenses e.g. Colerne conveyancing search expenses.

Our lawyer has uncovered a defect with the lease for the apartment we are purchasing in Colerne. The other side have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the lender?

Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. The appropriate lender conditions have to be complied with.

Can you help - my lawyer says that chancel insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Colerne?

The appropriate level of chancel indemnity insurance depends on who your lender is. It would differ for example between Birmingham Midshires and Leeds Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.

My wife and I have arranged the release of further monies on our home loan from Bank of Ireland as we intend to conduct alterations to our house in Colerne. Do we need to choose a nearby Colerne solicitor on the Bank of Ireland conveyancing panel to handle the paperwork?

Bank of Ireland do not ordinarily appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland conveyancing panel.

I am selling my apartment. I had a double glazing fitted in July 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Virgin Money are being difficult. The Colerne solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are requiring a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?

It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

Are there restrictive covenants that are commonly identified as part of conveyancing in Colerne?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Colerne. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am hoping to exchange soon on a basement flat in Colerne. Conveyancing solicitors assured me that they will have a report out to me next week. What should I be looking out for?

The report on title for your leasehold conveyancing in Colerne should include some of the following:

    Responsibility for maintaining the window frames Information as to the provision as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the wider rights a leaseholder enjoys Details of the parties to the lease, for example these could be the tennant, superior lessor, freeholder Whether the lease restricts you from subletting the property, or working from home Rent payments - what is due and what the invoice dates are, and also know whether this is subject to change
For a comprehensive list of information to be included in your report on your leasehold property in Colerne please ask your solicitor in advance of your conveyancing in Colerne.

I inherited a ground floor flat in Colerne, conveyancing formalities finalised in 1999. How much will my lease extension cost? Comparable properties in Colerne with over 90 years remaining are worth £211,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2092

With 68 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

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