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Find a Coventry Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Coventry

After what seems like an age a mortgage agreement from Nationwide for the remortgage of my 3 bedroom garden flat is due within the next few days. Could you recommend a cheap conveyancing solicitor in Coventry?

This site is not designed to aid those in their quest for the cheapest conveyancing in Coventry. Our intention is to offer excellent value conveyancing but we do not aim to work with the cheapest lawyers. Do not be fooled by organisations enticing you with low cost conveyancing in Coventry. At best, in going for cheap conveyancing, you will get your money’s worth and at worst you will end up invoiced for additional fees and still not receive the service expected.

Having sold my house in Coventry last November but our buyer keeps calling me to say their solicitor needs to hear from mylawyer. What are the post completion sale formalities now that I have sold?

Following your disposal your conveyancer should forward the transfer deeds and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor must also evidence that the home loan has been discharged to the purchasers lawyers. There is unlikely to be post completion steps specific conveyancing in Coventry.

I have 71 years remaining on my lease and require a lease extension for my flat in Coventry. Conveyancing solicitors on the The Mortgage Works panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/9/2019 the requirements read as follows :

Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term.
Ground Rents and event fees must be reasonable at all times during the term of the lease. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us for Valuer consideration. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Originations (Will be declined):
- Unexpired lease term <70 years
- Ground Rent >0.5% of the property value
- Ground Rent doubles <every 20 years (e.g. doubles every 5, 10 or 15 years)
- Ground Rent is compounded RPI
- Ground Rent review period ≤5 years

Refer to Originations (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 70 to 85 years
- Ground Rent >0.1% and ≤0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is >5 and <10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges >£500 p/a (please provide details of what the charges cover)
- Service Charges >0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Originations):
- Unexpired lease term >85 years
- Ground Rent ≤0.1% of the property value
- Ground Rent review period ≥10 years
- Ground Rent escalation ≤RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Originations (Will be declined):
- Unexpired lease term <125 years on a new build flat or <250 years on a new build house
- Starting Ground Rent >0.1% of the property value
- Ground Rent review period ≤ 5 years
- Ground Rent doubles < every 20 years (e.g. doubles every 5, 10 or 15 years)
- Ground Rent is compounded RPI

Refer to Originations (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges >£500 p/a (please provide details of what the charges cover)
- Service Charges >0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Originations):
- Unexpired lease term ≥125 years on a new build flat or ≥250 years on a new build house
- Starting Ground Rent ≤0.1% of the property value
- Ground Rent review period >5 years
- Ground Rent escalation ≤RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years

I am looking for a ground for flat up to £305k and identified one near me in Coventry I like with a park and transport links nearby, however it only has 51 remaining years left on the lease. There is not much else in Coventry for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

If you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.

In surfing the world wide web for the words conveyancing in Coventry it shows results of numerous property lawyersin the area. With so much choice what is the best way to find the right property lawyer for me?

The preferential way of seeking the right conveyancer is through a trusted testimonial, so ask colleagues and family who have acquired a property in Coventry or the reputable estate agent or mortgage broker. Fees for conveyancing in Coventry differ, so it's sensible to obtain at least four fee calculations from different companies. Be sure to obtain confirmation that the fees are fixed.

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