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Find a Cottingham Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Cottingham

I purchased a freehold residence in Cottingham yet invoiced for rent, why is this and what is this?

It is rare for properties in Cottingham and has limited impact for conveyancing in Cottingham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

My wife and I are purchasing a apartment in Cottingham. It might be a silly question but how we can trust a solicitor? At some point we will need to send funds into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

When it comes to lenders such as TSB, do Cottingham lawyers face an annual charge to be on the conveyancing panel?

We are unaware of any bank fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.

I can not fathom if my bank requires a lease extension. I have called my Cottingham bank branch on various occasions and was advised it wasn't a problem and they would lend. My Cottingham conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend based on their specific requirements. Who do I believe?

Provided that the solicitor is on the lender approved list, she or he must follow the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

What will a local search tell me about the property my wife and I purchasing in Cottingham?

Cottingham conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search plays a central role in most Cottingham conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.

I'm purchasing my first flat in Cottingham with the aid of help to buy. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not to tell my lawyer about this extras as it would impact my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

What is the distinction between surveying and conveyancing in Cottingham?

Conveyancing - in Cottingham or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the vendor to fix the defects before you complete your move.

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