lenderpanel

Find a Denbigh Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Denbigh

Why do I have to pay up front for conveyancing in Denbigh?

Where you are retaining lawyers for conveyancing in Denbigh your solicitor will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the sale price then this will be asked for immediately before exchange of contracts. Any further balance that is needed will be payable shortly before completion.

I'm buying my first flat in Denbigh benefiting from help to buy. The developers refused to budge the price so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my solicitor about this side-deal as it would adversely affect my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.

I am looking for a ground for flat up to £235,500 and identified one round the corner in Denbigh I like with a park and station nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Denbigh in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

I have recently realised that I have 68 years remaining on my flat in Denbigh. I need to extend my lease but my landlord is missing. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to find the freeholder. For most situations an enquiry agent should be helpful to try and locate and to produce a report to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to proving the landlord’s disappearance and the vesting order request to the County Court covering Denbigh.

I invested in buying a studio flat in Denbigh, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Denbigh with a long lease are worth £195,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2082

With just 63 years left to run we estimate the premium for your lease extension to range between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" 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 in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.

I am seeking to purchase a repossessed house in Denbigh and the bank selling demand completion within 28 days. Do conveyancing practitioners meet that timeframe? Would it be better to instruct a high street Denbigh firm or an online company that advertises to offer speedy conveyancing?

Attend your Denbigh shopping parade. Pop in to 3 solicitor’s offices and ask to see a conveyancing solicitor for an estimate. Discuss your situation and try and obtain a commitment on speed. Select the firm that appears most trustworthy. You need to select a conveyancer on the list of conveyancers acceptable to your lender.

Last updated

Find out more about how flying freehold can affect your the value of a property.