lenderpanel

Find a Driffield Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Driffield

Please could you vouch for a Lloyds TSB Bank approved Driffield conveyancing lawyer that can complete within 10 days? Am I best advised to choose a local Driffield practice or a factory type comparison site?

We can recommend some very good Driffield conveyancing firms. Another option is to visit the main road in Driffield. Visit a couple of firms and request to speak with a conveyancing solicitor for a quote. Discuss your expectations together with the reasons and get an assurance on speed. Select the lawyer that genuine.

I am about to put an offer on a leasehold flat in Driffield. The selling agents advise that it is normal for flats in Driffield to have less than 75 years unexpired on the lease. I am taking out a loan with Platform. Will the property be mortgageable given that the lease has 70 years to go.

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. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/1/2022 the requirements read as follows :

Minimum 85 years unexpired from completion, except where the mortgage application is pursuant to Platform's participation in the Government's Help to Buy Shared Equity scheme, in which case (a) the unexpired lease term must not be less than 250 years for new-build houses and not less than 125 years for new-build flats and (b) ground rent must be reasonable at all times and any escalation must be linked to RPI (Retail Price Index) or a similar index.

I purchased a 4 bedroom Georgian property in Driffield. Conveyancing practitioner acted for me and Alliance & Leicester . I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same address. Is it worth asking Alliance & Leicester to clarify?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Driffield and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who completed the work.

I am buying a new build house in Driffield with the aid of help to buy. The sellers refused to budge the price so I negotiated 6k of extras instead. The sale representative suggested that I not inform my conveyancer about this deal as it may impact my loan with Accord Mortgages Ltd. Do I keep my lawyer in the dark?.

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.

Is there a distinction between surveying and conveyancing in Driffield?

Conveyancing - in Driffield or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It involves the investigation 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’re intending to buy and will help you discover the condition of the building and, if there are problems, give you a powerful reason for negotiating the buying price down or asking the vendor to fix the problems before you complete your move.

Last updated

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