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

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Recently asked questions about conveyancing in Cudworth

In the event thatI were to acquire a freehold homein Cudworth for cash and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Cudworth?

The sole saving you would achieve is the Cudworth conveyancing searches. Your conveyancing practitioner is required to do the vast majority of work - money laundering, liaising with the vendors property lawyer, stamp duty submission, register the ownership etc. You might save a bit for them not needing to register a charge however it will not be meaningful.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Cudworth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Cudworth

    The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are architect prepared. Please supply a car parking plan.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Cudworth is the location of the property. Is there any advice you can impart?

Flying freeholds in Cudworth are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cudworth you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cudworth may determine 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 my capacity as executor for the will of my grandmother I am selling a residence in Newport but I am based in Cudworth. My conveyancer (approximately 300 miles awayhas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Cudworth to attest this legal document for me?

strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Cudworth based

Can you provide any advice for leasehold conveyancing in Cudworth from the point of view of speeding up the sale process?

  • Much of the delay in leasehold conveyancing in Cudworth can be avoided where you appoint lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information needed by the buyers’ conveyancers.
  • Many freeholders or Management Companies in Cudworth charge for providing management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Cudworth. In the event that you altered the property did you need the Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Cudworth state that internal structural alterations or laying down wooden flooring require a licence issued by the Landlord approving such changes. If you fail to have the consents in place you should not communicate with the landlord without checking with your solicitor before hand. If you hold a share in a the Management Company, you should make sure that you hold the original share certificate. Arranging a new share certificate can be a time consuming formality and slows down many a Cudworth conveyancing transaction. Where a duplicate share is needed, do contact the company director and secretary or managing agents (where relevant) for this sooner rather than later.

I purchased a ground floor flat in Cudworth, conveyancing was carried out 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Cudworth with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease runs out on 21st October 2076

With just 52 years remaining on your lease we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as costs.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do 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.