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Find a Fairwater Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Fairwater

Can you explain why leasehold purchase conveyancing in Fairwater costs more?

Fairwater leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

We are planning on selling our property in Fairwater and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Fairwater lawyer would know this is not the case. It does beg the question why the purchasers used a factory type conveyancing firm rather than a conveyancing solicitor in Fairwater. Having lived in Fairwater for 4 years we know of no issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.

It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)

I've recently found out 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. Fairwater is where the house is located. Is there any guidance you can impart?

Flying freeholds in Fairwater are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fairwater you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fairwater 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.

What makes a Fairwater lease unacceptable for security purposes?

Leasehold conveyancing in Fairwater is not unique. Most leases are drafted differently and drafting errors can result in certain sections are not included. For example, if your lease is missing any of the following, it could be defective:

    Insurance obligations A provision for the recovery of money spent for the benefit of another party.

You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Barnsley Building Society, and Britannia all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the buyer to withdraw.

I bought a 1 bedroom flat in Fairwater, conveyancing having been completed in 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Fairwater with over 90 years remaining are worth £197,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2076

You have 55 years left to run we estimate the price of your lease extension to be between £31,400 and £36,200 plus costs.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

I see that you have a search directory identifying solicitors on the lender conveyancing panel. Do Fairwater conveyancing companies pay you a commission if I retain them for my own conveyancing?

We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Fairwater.

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