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Find a Cottenham Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Cottenham

Why would one appoint a Cottenham conveyancing solicitors firm given that web based conveyancers are more affordable?

By all means make sure that you compare conveyancing costs in Cottenham and you should seek a competitive fee calculation but don’t become consumed with sourcing the cheapest Cottenham conveyancer. Identifying the right conveyancer can mark the difference between a seamless and a stressful home move. You need to ensure that you have expert guidance from a trusted lawyer. Emails can't replace a telephone discussion and are no substitute for a one to one consultation. Our partner firms will allocate you a qualified and top rated conveyancing solicitor that will handle your conveyancing from from the outset to completion, giving the sort of hand holding that you are unlikely to received from an online conveyancer. He or She will update you as to progress making sure that you are never in the dark. Should you need to contact the firm you will be sure who to ask for and we'll endeavour to make sure that you are kept fully informed.

Some advice if I may. My Cottenham conveyancer is assuring me that he is legally obliged toconduct Cottenham conveyancing searches resulting from the fact thatthe firm are on the HSBCsolicitor panel. Is my solicitor correct?

You have limited options available to you. As you are taking a home loan with a lender your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Cottenham conveyancing searches.

Are all Cottenham Conveyancing Quality Solicitors on the TSB conveyancing panel?

It is true that some lenders now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.

We had instructed conveyancing lawyers with offices in Cottenham on the Nottingham solicitor approved list. They have just invoiced me a supplemental sum for the legal aspects of the Nottingham mortgage. Is this an additional conveyancing fee set by Nottingham?

Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitor is entitled to charge a fee for this. The charge is not set by Nottingham but by your Cottenham solicitor. Plenty of firms on the Nottingham panel will charge an ‘acting for lender’ fee and others do not.

I'm spending time looking at flats in Cottenham and I am now considering a potential offer. Is it advisable to have my property lawyer on ‘stand by’? I am planning to take a home loan with Kent Reliance.

You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Cottenham is the location of the property. Is there any guidance you can impart?

Flying freeholds in Cottenham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cottenham you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cottenham may decide 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 premises.

In relation to leasehold conveyancing in Cottenham what are the most frequent lease defects?

Leasehold conveyancing in Cottenham is not unique. All leases are unique and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:

    Insurance obligations

You may encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Leeds Building Society, and Nottingham Building Society all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to withdraw.

I acquired a leasehold flat in Cottenham, conveyancing having been completed 10 years ago. How much will my lease extension cost? Comparable properties in Cottenham with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease ends on 21st October 2094

With 75 years left to run the likely cost is going to span between £8,600 and £9,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance 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.