We are getting a further advance on our home loan from Virgin Money as we intend to conduct alterations to our property in Freezywater. Do we need to choose a high street Freezywater solicitor on the Virgin Money conveyancing panel to deal with the paperwork?

Virgin Money would not normally require firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money panel.

I can not work out if my mortgage offer requires a lease extension. I have called my Freezywater building society branch on a couple of occasions and was told it does not affect the mortgage offer and they would lend. My Freezywater conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. Who do I believe?

As long as the conveyancing practitioner is on the bank panel, they must follow the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

My sealed bid on a semi in Freezywater has been agreed to, but there is a chain. The owners have offered on somewhere, but it’s not been accepted yet, and have viewings of other properties booked. I have selected a bricks and mortar conveyancing solicitor in Freezywater. What should be my next step? When should I get the mortgage application with Principality going?

It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then survey, Freezywater conveyancing search charges, etc). First, you must ensure that your conveyancer is on the Principality approved list. Regarding the next steps this very much depends on the circumstances of your transaction, motivation for this property and on the state of the market. In a buoyant market some buyers would apply for the mortgage with Principality and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to move forward with searches.

I have been told that property searches are the number one cause of stalling in Freezywater conveyancing transactions. Is that correct?

The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Freezywater.

I have been on the look out for a leasehold apartment up to £305k and identified one near me in Freezywater I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Freezywater 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 home loan the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could request that they 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 speak to your conveyancing lawyer regarding this.

I am selling my home. My previous lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Freezywater if that makes a difference.

Please use our search tool to help you find a solicitor for your conveyancing in Freezywater. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.

I am purchasing a property and require a conveyancing solicitor in Freezywater who is on the mortgage company solicitor panel. Could you point me in the right direction as regards a firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Freezywater. We dont recommend any particular conveyancing practice.